New Delhi, March 25 -- Shares of Super Micro Computer, a developer of modular server and storage solutions, are attempting to recover from recent losses, as the stock surged another 9% in Wednesday's trade, 25 March, to hit an intraday high of $24.16 apiece. This marks the third consecutive session of gains, taking the cumulative rise to nearly 18%.

The stock had come under heavy selling pressure during Friday's session (March 20), plunging 33% in a single day - its sharpest one-day decline in recent times. The decline wiped out billions from Super Micro's market capitalisation and dragged the stock to a new 52-week low on heavy volumes.

The sell-off followed reports of a federal indictment alleging a $2.5 billion AI server export-contr...