The Direxion Daily Semiconductor Bull 3X Shares (SOXL) price plunged hard on Monday as investors pulled money from chip-related ETFs. Cause: growing doubts over whether big tech companies can maintain strong returns from money funneled into AI projects. Chip makers headed toward a bear market after months of gains fueled by AI chip demand. Analysts say overly heavy spend[ing] is going into AI capabilities while sales weaken. SOXL, which tracks near 30 semiconductor firms, shed points as the wider sector lost around three percent from Friday's close.