With its shares down by 49% in the last 30 days at the time of writing, Super Micro Computer's (NASDAQ: SMCI) situation is going from bad to worse. The former Wall Street darling is reeling after the October resignation of its auditor Ernst & Young,

Shares of Super Micro Computer were trading lower again on Monday, furthering a pattern of losses ahead of a delisting deadline.Super Micro stock closed off 5.3% at $23.23, after being down 12% in early trading.

Management at Super Micro Computer (NASDAQ: SMCI) gave investors a much-anticipated business update last week that did not appease investor concerns. And the company faces yet another major hurdle this week.

Super Micro Computer (NASDAQ: SMCI), also known as Supermicro, was one of the market's hottest AI stocks. The shares of the maker of high-end servers set a record high of $118.81 on March 13, representing a 5,