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.

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.

Super Micro stock continues to slide after the AI company delayed the filing of its quarterly results, which could cause a delisting from the Nasdaq. Here's why.