The Direxion Daily Semiconductor Bull 3X Shares (SOXL) value slid fast on Monday as investors trimmed positions from chip-related ETFs. Cause: lingering uncertainty over whether big tech companies can keep delivering returns from money pumped into AI projects. Chip makers edge[d] toward 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 some thirty semiconductor firms, lost value as the wider sector lost more than 3% from Friday's close.