Super Micro Computer Inc. stock was rising modestly early Friday, attempting to bounce back after five days of losses. The surprising thing about the shares, however, has been the lack of volatility that characterized them in 2024.

It's been a topsy-turvy year for Super Micro Computer ( SMCI 6.34%). 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.

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.

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.

Shares of Super Micro Computer Inc. SMCI slipped 1.41% to $30.05 Thursday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX falling 0.22% to 5,