The Direxion Daily Semiconductor Bull 3X Shares (SOXL) value slid fast on Monday as investors moved capital from chip-related ETFs. Cause: growing doubts over whether big tech companies can continue earning well from money poured into AI projects. Chip makers slipped into a bear market after months of gains fueled by AI chip demand. Analysts say too much cash is going into AI capabilities while buyer demand eases. SOXL, which tracks about 30 semiconductor firms, lost value as the wider sector cut about 3.2% from Friday's close.