To The Moon

Super Micro's stock was already delisted once before, in a drawn-out process with various extensions. Super Micro Computer Inc. faces a looming deadline to outline how it will get back in the good graces of the Nasdaq, with the server maker on thin ice as it tries to maintain its listing on the exchange.But the company's past delisting shows that the process of reaching that point can be drawn-out, with various extensions given along the way.Super Micro already delayed its annual filing to review its financial controls. It said in a September filing that it was informed by the Nasdaq that it had 60 calendar days from Sept. 17 to get the exchange's approval for a plan detailing how it will get back in compliance with listing requirements. That gets to a date of Nov. 16.Read on: Super Micro's stock falls further as it faces new hurdle with filing deadlines

Super Micro Computer Shares Fall 8.1% Premarket, Set to Extend Losses for Fifth Straight Day

If you're just looking at raw percentage gains since the AI mania began, Super Micro Computer would probably qualify for the top spot of which stock popped the most--before it crashed.This stock has been riddled with a boatload of problems and is down 77% from its March peak--39% in the past month alone. SMCI stock now trades at just 13 times trailing earnings. This low earnings multiple suggests either of the following: the market is punishing Super Micro Computer more than it should or the books are cooked more than we can imagine.READ ALSO: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.The Rise and Fall of Super Micro Computer. In late September, The Wall Street Journal reported that the Justice Department had launched a probe into Super Micr