Super Micro Computer (SMCI) stock fell more than 9% Wednesday, extending the prior day’s decline despite an apparent attempt from its CEO to dispel fears of the stock's potential delisting by the Nasdaq.

The server manufacturer had previously benefited from the surge in demand for AI infrastructure, but its shares were affected by an auditing scandal.

Super Micro Computer Chief Executive Charles Liang on Tuesday said he is confident the technology company's stock will not be delisted from the Nasdaq.

A partner of NVIDIA Corp. ( NVDA, Financials ), Super Micro Computer ( SMCI, Financials) is experiencing stock volatility in light of postponed financial reporting. Tuesday's share drop, 8.7%, highlighted investor concerns about the company's compliance stance.

Super Micro’s management helped assuage some concerns over customer orders, margins and liquidity, but J.P. Morgan is still bearish on the stock.

Super Micro Computer stock was falling Wednesday, down for the second day in a row. The stock was down 5.4% to $38.34 in Wednesday trading. It closed down 8.2% on Tuesday. There are a couple of concerns swirling around the company’s stock.

Super Micro Computer (NASDAQ: SMCI) stock is losing ground in Tuesday's trading. The company's share price was down 5.9% as of 3:15 p.m. ET and had been down as much as 9.9% earlier in the day's trading.

Super Micro Computer Inc (NASDAQ:SMCI) would not face delisting from the Nasdaq, CEO Charles Liang said on Tuesday in a Reuters interview, assuring that necessary financial filings would be completed by February.

Fears are mounting that Super Micro will drop out of the Nasdaq 100 index, despite staging a remarkable comeback since the surprise exit of its auditor in October.