Shares of the AI server maker were on track to notch a yearly gain of just 6% on Tuesday afternoon — far less than other AI-themed stocks that have thrived in the bull market in 2024. And despite turning positive for the year in December, Super Micro shares remained far below their highs near $120 in mid-March.

U.S. stock indexes held firmer and finished mixed a day after strong reports on the economy stirred up worries that inflation and interest rates may remain higher than expected.

Asian stocks are mostly lower after U.S. stock indexes finished mixed a day after strong reports on the economy stirred up worries that inflation and interest rates may remain higher than expected