Super Micro Computer (NASDAQ:SMCI) stock continued to slide, with shares down 10% in premarket trade, a day after the company delayed its 10-Q filing. The embattled artificial intelligence server maker said on Wednesday it will be unable to file its quarterly report on Form 10-Q for the period ended Sept.

Super Micro Computer, Inc. (NASDAQ:SMCI) stock is trading lower Wednesday after it announced that it could not file its fiscal first-quarter 2025 Form 10-Q for the September 30, 2024 quarter due to excessive effort and cost.

At the time, Supermicro seemed to have a bright future. Its revenue jumped 46% in 2022 and 37% in 2023, and analysts were anticipating 110% growth in 2024. That breakneck pace was driven by its soaring shipments of dedicated AI servers.