The Direxion Daily Semiconductor Bull 3X Shares (SOXL) value slid fast on Monday as investors pulled money from chip-related ETFs. Cause: rising anxiety over whether big tech companies can keep making profits from money funneled into AI projects. Chip makers slipped into a bear market after months of gains carried by AI chip demand. Analysts say too much cash is going into AI capabilities while spending cools. SOXL, which tracks about 30 semiconductor firms, declined as the wider sector lost more than 3% from Friday's close.