India's RRP Semiconductor jumped more than 55,000% in twenty months

RRP Semiconductor just delivered a market run that looks unreal even for this AI-crazy cycle, jumping 55,000% in twenty months and turning itself into the strongest stock on the planet with a value of $1.78 billion as of press time . A tiny float and nonstop social hype kept RRP’s stock locked at its daily limit-up for 149 sessions, and both its exchange and the company warned buyers while the rally kept going. The story flipped when regulators stepped in. The Securities and Exchange Board of India opened a review into the surge, so the stock now trades only once a week under new exchange rules and has slipped 6% from its Nov. 7 high. Tracking the cracks as regulators act India has few listed chipmakers, and that gap turned RRP into a proxy for traders chasing the AI boom that lifted names like Nvidia. Sonam Srivastava of Wryght Research...

https://www.cryptopolitan.com/indias-rrp-semiconductor-surges-55000/