Error during Ruby 2.7.3 installation using RVM

I have tried installing ruby 2.7.3, I got the below error

Error running '__rvm_make -j8',please read /Users/sravangunapati/.rvm/log/1706592953_ruby-3.0.0/make.log

There has been an error while running make. Halting the installation.

Can someone help me with this. I use macOS with M1 chip

The drive link for /Users/sravangunapati/.rvm/log/1706592953_ruby-3.0.0/make.log.

https://docs.google.com/document/d/15cRoYr2CTtkzOV6-j_Q801BF0wfCpRX8/edit?usp=drive_link&ouid=101500334222096791153&rtpof=true&sd=true

I tried rvm install 2.7.3 and ruby-install both didn't work. When using rbenv, my local version is not changing. It is showing success and not changing the version