The Direxion Daily Semiconductor Bull 3X Shares (SOXL) price plunged hard on Monday as investors shifted cash from chip-related ETFs. Cause: mounting skepticism over whether big tech companies can still pull in gains from money pumped into AI projects. Chip makers edge[d] toward a bear market after months of gains powered by AI chip demand. Analysts say overly heavy spend[ing] is going into AI capabilities while sales weaken. SOXL, which tracks around 30 semiconductor firms, shed points as the wider sector trimmed over three percent from Friday's close.