Super Micro Computer, Inc. SMCI, once a star in the AI hardware space, has seen its stock nosedive 63.3% over the past six months. This stark decline stands in contrast to the Zacks Computer and Technology sector's modest 3.

It's been a topsy-turvy year for Super Micro Computer ( SMCI 10.91%). Once seen as the next big artificial intelligence (AI) stock, it has come crashing down to reality in recent months due to concerns about the reliability of its numbers and accounting controls.

Super Micro Computer Inc. stock was rising ahead of the opening bell, putting the server maker on course to build on Friday’s double-digit gains. Super Micro was the most volatile S&P 500 stock last year,

No evidence of fraud has been found, but the company has come under pressure for delayed financial filings stemming from an internal review of its reporting controls. The key to restoring investor confidence is that Super Micro has to produce its accounts by February 25. The price targets range from $15 to $60, and analysts remain divided.

Super Micro Computer benefits from AI-driven demand for liquid cooling. Read why SMCI stock has significant upside with strategic Nvidia partnerships.

This was the stock's second consecutive day of losses.

Amid the intensifying race to dominate in artificial intelligence (AI), tech giants are committing vast sums to cutting-edge infrastructure. This investment wave highlights AI's transformative role across sectors,