🔴 RMBS is trading 5% down today as investors reassess AI chip valuations and rotate out of IP names

RMBS is trading 5% down at $117.50 as investors reassess high-end AI semiconductor valuations and rotate out of richly priced chip IP names.

• The decline follows several volatile sessions and sector-wide weakness, driven by broader concerns regarding AI infrastructure costs.
• Recent market commentary highlights the stock as overvalued relative to GF Value estimates, leaving it vulnerable to the current valuation reset.