Semiconductor stocks tied to the artificial intelligence (AI) boom made efforts to rebound on Monday following a sharp sell-off on Friday. However, Super Micro Computer (SMCI), the company responsible for triggering the decline in AI stocks, continued to experience falling prices.

Investors, feeling uneasy, sold off AI stocks, especially semiconductor stocks, after Super Micro announced the date for its upcoming quarterly earnings report without providing preliminary results. This departure from their usual practice of including preliminary results with the earnings date announcement caused concern among investors.

Analyst Matt Bryson of Wedbush Securities noted that it had been widely assumed that SMCI would preannounce positive news regarding its guidance last week, instead of just providing an earnings date. The lack of a positive preannouncement had a significant impact on both SMCI's stock as well as the broader AI supply chain, which included companies like Nvidia (NVDA). There are growing concerns that SMCI's lack of upside suggests a potential slowdown in AI demand.

In midday trades on Monday, Super Micro stock fell 1.6% to $702.16 after experiencing a devastating 23.1% plunge on Friday, closing at $713.65. Super Micro specializes in manufacturing server computers for data centers and artificial intelligence. The firm has seen a boost in business due to the rise of generative AI and its association with hyperscale cloud service providers.

Nvidia, a major player in the AI market, saw its stock climb 2.7% on Monday to $782.66. However, on Friday, shares of the graphics-chip maker slumped 10% to close at $762. Rival company Advanced Micro Devices (AMD) witnessed a modest increase of 0.4% on Monday, with shares reaching $147.26. Conversely, on Friday, AMD stock dropped 5.4% to $146.64.

Chip designer Arm Holdings experienced a 4.9% jump in its shares on Monday, reaching $91.46. Conversely, on Friday, Arm stock plummeted by a considerable 16.9%, closing at $87.19. Astera Labs (ALAB), a recent IPO known for manufacturing connectivity chips for AI systems, observed its shares rise by 3.6% on Monday, amounting to $66.79. However, on Friday, Astera Labs stock sank 9.1% to $64.49.

Micron Technology (MU), a company that produces advanced memory chips for AI systems, witnessed a 1.3% rise in its shares on Monday, reaching $108.13. On Friday, Micron stock dropped 4.6% to $106.77.

As the market continues to react to Super Micro's earnings report announcement, AI stocks face uncertainty. Investors will keep a close eye on upcoming developments as they assess the potential impact on the broader AI supply chain.