The Direxion Daily Semiconductor Bull 3X Shares (SOXL) value slid fast on Monday as investors pulled money from chip-related ETFs. Cause: deepening concerns over whether big tech companies can continue earning well from money pumped into AI projects. Chip makers slipped into a bear market after months of gains lifted by AI chip demand. Analysts say too much money is going into AI capabilities while consumer spending slows. SOXL, which tracks near 30 semiconductor firms, dropped as the wider sector shed over three percent from Friday's close.