India’s RRP Semiconductor Soars 55,000% Amid AI Hype Before Regulatory Crackdown

RRP Semiconductor's stock became a lightning rod for speculative trading, rocketing 55,000% in under two years as retail investors chased semiconductor proxies amid the global AI boom. The rally persisted through 149 consecutive limit-up sessions despite repeated warnings from both the company and Bombay Stock Exchange.

Regulatory intervention proved decisive. After SEBI launched a review, trading was restricted to weekly sessions, erasing 6% from November's peak. The case highlights how niche Asian tech stocks are absorbing speculative flows from the AI narrative—similar surges in SK Hynix and Moore Threads also drew exchange cautions.

Questions linger about founder Rajendra Chodankar's web of related entities, including a debt-assisted takeover of G D Trading earlier this year. Market surveillance notices went unheeded until trading volumes surpassed ₹20 billion daily—a cautionary tale for emerging markets nurturing homegrown tech ventures.