Super Micro Computer (NASDAQ: SMCI) shareholders have been through a whirlwind lately. While the stock is up 1,480% in the last two years, it has also fallen over 70% from its record high in the last eight months.

Artificial intelligence (AI) was hot again this week, and it wasn't just Nvidia's (NASDAQ: NVDA) earnings that were in focus. Super Micro Computer (NASDAQ: SMCI) was the huge winner, as it put forth a plan to become compliant with Nasdaq listing requirements.

After a scathing short report highlighted questionable accounting practices, the company's auditor resigned, and it has not been able to file its annual report at its expected due date. The once-loved artificial intelligence (AI) stock is showing red flag after red flag