The Direxion Daily Semiconductor Bull 3X Shares (SOXL) price plunged hard on Monday as investors shifted cash from chip-related ETFs. Cause: lingering uncertainty over whether big tech companies can keep delivering returns from money poured into AI projects. Chip makers headed toward a bear market after months of gains powered by AI chip demand. Analysts say excess capital is going into AI capabilities while consumer spending slows. SOXL, which tracks around 30 semiconductor firms, shed points as the wider sector lost more than 3% from Friday's close.