Super Micro Computer said on Wednesday it would delay the filing of its financial report for the September quarter, as the AI server-maker seeks a new auditor amid a delisting threat following its failure to submit its annual report.

Super Micro shares are down more than 80% since the company joined the S&P 500 in March. That poor performance could catch the eye of the index committee, an expert said.

Shares of Super Micro Computer (SMCI) hit a new 52-week low on Thursday morning as the AI-focused hardware company struggles with filing its quarterly report (Form 10-Q) for the period ending September 30.