The Direxion Daily Semiconductor Bull 3X Shares (SOXL) value slid fast on Monday as investors pulled money from chip-related ETFs. Cause: lingering uncertainty over whether big tech companies can keep delivering returns from money funneled into AI projects. Chip makers crossed into a bear market after months of gains driven by AI chip demand. Analysts say too much cash is going into AI capabilities while spending cools. SOXL, which tracks around 30 semiconductor firms, dropped as the wider sector shed about 3.2% from Friday's close.