The Direxion Daily Semiconductor Bull 3X Shares (SOXL) price plunged hard on Monday as investors trimmed positions from chip-related ETFs. Cause: growing doubts over whether big tech companies can maintain strong returns from money poured into AI projects. Chip makers drifted into a bear market after months of gains driven by AI chip demand. Analysts say too much money is going into AI capabilities while spending cools. SOXL, which tracks about 30 semiconductor firms, lost value as the wider sector lost about 3.2% from Friday's close.