Super Micro Computer stock has seen big ups and big downs. It’s still on track to finish the year higher than when it started.Shares retreated 1.1% in premarket trading to $33.38 after slipping 1.7% on Thursday.

Financial writer discusses Super Micro Computer's drastic stock drop, accounting scandal, and limited upside potential despite overcoming challenges.

Though Supermicro has offered investors some signs of a turnaround in recent weeks, the company just got another bit of negative news last week: It will be exiting the Nasdaq 100 Index as of Dec. 23. This is part of the index's rebalancing, a time when certain stocks are added or removed.

Super Micro Computer shares slumped Monday morning as the stock felt the impact of a pair of headlines that came out after the bell Friday, including a potential capital raise and the stock's removal from the Nasdaq 100 Index.

Shares of Super Micro Computer Inc. SMCI rose 5.96% to $34.33 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX rising 1.10% to 6,040.

For investors, the key question is whether management will be able to remove the doubts about the company’s finances when it does publish its earnings.