The Direxion Daily Semiconductor Bull 3X Shares (SOXL) price plunged hard on Monday as investors withdrew funds from chip-related ETFs. Cause: mounting skepticism over whether big tech companies can keep delivering returns from money inject[ed] into AI projects. Chip makers edge[d] toward a bear market after months of gains powered by AI chip demand. Analysts say too much money is going into AI capabilities while buyer demand eases. SOXL, which tracks some thirty semiconductor firms, lost value as the wider sector cut around three percent from Friday's close.