The stock fell 4% Tuesday and edged lower again ahead of the open Wednesday. The market is still anxiously awaiting the AI server maker’s delayed financial reports.

The big recovery in Supermicro shares started with a 12.1% gain over the month of November, according to data provided by S&P Global Market Intelligence. But it didn't stop there. In just the first two trading days of December, the stock has surged more than another 30%. And it may not be done yet.

Super Micro Computer’s stock (SMCI) has been at the center of controversy in recent months due to accounting fraud allegations from a