SMCI stock price falls more than 20% as Super Micro Computer faces Nasdaq delisting

The AI server maker’s bad day follows another double-digit stock plunge last week after its accounting firm Ernst & Young resigned.

More bad news for Super Micro Computer, Inc. (Nasdaq: SMCI): Shares sank more than 20% on Wednesday after the AI server maker missed earnings estimates, adding to its mounting problems. It also said it’s unsure when it will file annual results for the latest fiscal year.