Super Micro Computer stock was falling early Wednesday after its CEO’s attempts to ease concerns about a potential delisting from the Nasdaq 100 seemingly failed to convince the market. Shares were falling another 4.

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.

Elon Musk's xAI is a partner of Super Micro and works with facilities to develop advanced supercomputing solutions like the "Colossus" system. Even in the face of recent setbacks, the company continues to seek to capitalize on AI-driven market potential. This article first appeared on GuruFocus.

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.

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Key Takeaways Super Micro Computer reported that the Nasdaq said the struggling server maker won't face a potential delisting until Feb. 25.The company has been threatened with the delisting because questions about its accounting practices led to Supermicro to delay filing its annual report,

Super Micro Computer stock took another leap higher early Monday on news it has secured an extension with Nasdaq to file its already delayed earnings report. Shares of the AI server maker—which were facing the threat of delisting for failing to comply with Nasdaq’s rules on filing figures—rose 8.