Super Micro Computer (NASDAQ: SMCI) stock saw another day of big sell-offs in Thursday's trading. The company's share price closed out the daily session down 11%. Supermicro stock fell today after Cisco made new comments about its plans to move into the artificial intelligence (AI) server market.

Supermicro has already been struggling with investors, and now the company will face new competition in the AI server market.

Super Micro Computer stock (NASDAQ: SMCI) fell by about 6% in Tuesday’s trading and remains down 54% over the past month amid significant corporate governance concerns and questions about the company’s financial reporting.