Super Micro Computer stock climbed Tuesday as it avoided a fourth straight loss. The server maker has suffered recently from an apparent unwinding of the artificial-intelligence trade.

Shares jumped 8.5% to $39.14. The stock was the second-best performer in the S&P 500 on Friday while the index dropped 1.2%. Shares are still up about 28% this year, but they are down about 67% from their all-time high set in March 2024.

The stock dropped 13% on Monday as markets digested the Trump administration's imposition of levies on imports from Mexico, Canada, and China.

That move appears to have triggered a flight to safety, which is hitting a range of stocks previously buoyed by enthusiasm over AI investment. Amid uncertainty about the company's accounting controversy, it became a popular AI trade among retail investors, including those using leveraged single-stock funds. That has made the stock's moves notably volatile.

Super Micro is down sharply after an initial gain last week when it avoided delisting and met its compliance deadline for submitting financial filings. However, the company still faces various lawsuits and other legal risks.

"There is a DoJ investigation against the company, which in combination [with] other lawsuits has increased the legal risk for the company, which we think may result in future penalty payments, for which the company has neither commented on the likelihood nor quantified the actual penalty," wrote J.P. Morgan analyst Samik Chatterjee in a research note on Monday.

Chatterjee maintained an Underweight rating on Super Micro stock with no price target.