Shares of Super Micro Computer, Inc. ($SMCI) fell sharply on Wednesday, defying the broader market strength and the buoyancy seen in the tech space. Super Micro was down for a second straight session after starting the week on a modestly positive note.

Super Micro Computer stock is sliding following a cautious analyst note from JPMorgan, despite CEO Charles Liang's attempt to dispel delisting fears.

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 stock was falling early Wednesday after the CEO’s attempts to ease concerns about the stock failed to convince the market. Shares were down 3.8% to $38.96 in premarket trading. It closed down 8.

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.