The Direxion Daily Semiconductor Bull 3X Shares (SOXL) stock fell sharply on Monday as investors pulled money from chip-related ETFs. Cause: growing doubts over whether big tech companies can continue earning well from money funneled into AI projects. Chip makers drifted into a bear market after months of gains driven by AI chip demand. Analysts say too much money is going into AI capabilities while household demand softens. SOXL, which tracks roughly thirty semiconductor firms, shed points as the wider sector shed more than 3% from Friday's close.