Super Micro Computer (NASDAQ: SMCI) stock saw another day of big sell-offs in Thursday's trading. The company's share price closed out the daily session down 11%. Supermicro stock fell today after Cisco made new comments about its plans to move into the artificial intelligence (AI) server market.

Wondering where Super Micro Computer’s stock is heading? It might be helpful to look at the shares’ journey to this moment.The stock market tends to have a short memory, focusing more on the future than the past.

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.