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),

Financial writer discusses Super Micro Computer's drastic stock drop, accounting scandal, and limited upside potential despite overcoming challenges.

Super Micro Computer Inc. has had a rough week with shares down double digits over four straight days. The artificial intelligence server maker looks to be breaking its previous yo-yo pattern where the stock has fallen,

This has been a highly volatile stock to own this year, and that trend may continue into 2025. While there hasn't been any new bad news to weigh on the stock, investors should tread carefully with Super Micro Computer. The best option at this stage may be a wait-and-see approach with the stock.

Shares of Super Micro Computer Inc. SMCI rose 5.96% to $34.33 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX rising 1.10% to 6,040.

Super Micro has had a wild year, first getting caught up in the optimism about artificial intelligence before being dragged down by problems with accounting that saw its auditor resign.