Like a frog in a pot of boiling water, things keep getting more uncomfortable for Super Micro Computer (NASDAQ: SMCI) as times goes on. Supermicro's growing accounting debacle began in late August as the target of a short report from Hindenburg Research.

Super Micro Computer stock fell 4.4% Wednesday after it delayed the filing of its quarterly 10-Q form to the Securities and Exchanges Commission. It also has yet to file its 10-K annual report for the period ended June 30,

Super Micro Computer (NASDAQ: SMCI), also known as Supermicro, was one of the market's hottest AI stocks. The shares of the maker of high-end servers set a record high of $118.81 on March 13, representing a 5,080% gain over the previous four years.