The Direxion Daily Semiconductor Bull 3X Shares (SOXL) value slid fast on Monday as investors trimmed positions from chip-related ETFs. Cause: growing doubts over whether big tech companies can continue earning well from money funneled into AI projects. Chip makers edge[d] toward a bear market after months of gains carried by AI chip demand. Analysts say too much cash is going into AI capabilities while household demand softens. SOXL, which tracks near 30 semiconductor firms, lost value as the wider sector shed around three percent from Friday's close.