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. Its shares, which trade under the ticker SMCI, climbed 2.

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 stock is set to notch a yearly gain of 6%, but shares remain far below highs near $120 in mid-March.

The server maker was the most volatile S&P 500 stock in 2024, and has some questions it needs to answer in 2025.

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

In October, Ernst & Young resigned as Super Micro's auditor, resulting in a 33% stock plunge. An independent special board committee evaluated concerns from Ernst & Young and found no misconduct following a three-month investigation. The report recommended the company replace its CFO. The company said in November that BDO was its new auditor.

Super Micro Computer (NASDAQ: SMCI) stock lost ground over the last week of trading. The company's share price closed out Friday's session down 13.3% from the previous week's close, according to data from S&P Global Market Intelligence.

Super Micro Computer stock was falling in afternoon trading after beginning the day in the green. Shares are starting the new year the same it ended a 2024 that brought plenty of challenges for the artificial intelligence server maker.

Super Micro Computer Inc. stock was rising modestly early Friday, attempting to bounce back after five days of losses. Super Micro stock was, by far, the most volatile of the companies in 2024, but have in the past few days moved steadily lower in smaller increments.