Shares of Super Micro Computer Inc. extended their bounce Monday, as investors bet that the server maker and artificial-intelligence play will be able to avoid being delisted from the Nasdaq exchange.

SMCI stock rose Monday as Super Micro Computer prepared to file a plan with the Nasdaq Stock Market to avoid being delisted.

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