Super Micro Computer stock was rising at the start of the holiday week.Shares of the server maker, whose stock has swung dramatically this year, were up 1.6% at $32.09 after the market opened Monday.

Super Micro Computer shares fell 4.6% Wednesday. The Fed lowered the federal funds rate by 25 basis points to a range of 4.25%-4.5%.

Since then, the business has found a new auditor, announced sweeping changes in leadership, and SMCI stock recovered to $40.54 at press time. However, on December 10, shares of SMCI saw an 8.20% crash — and in the premarket trading session, prices went as low as $38.99, bringing the combined decrease to 11.70%.

Few companies started off 2024 with a bang like Super Micro Computer (SMCI -3.07%). It rose more than 300% until it peaked in March. After a combination of missed expectations and

Super Micro Computer (NASDAQ:SMCI) shares have been on a wild ride thus far in 2024. After surging to a new all-time high in Q1 following the intense hype artificial intelligence brought to companies like Super Micro who are clear beneficiaries (a high of more than $120 per share),

Super Micro Computer's volatility and short interest make it a risky pick. Learn why SMCI stock is downgraded to sell amidst growing uncertainty in its outlook.