The Direxion Daily Semiconductor Bull 3X Shares (SOXL) stock tumbled quickly on Monday as investors moved capital from chip-related ETFs. Cause: mounting skepticism over whether big tech companies can keep making profits from money pumped into AI projects. Chip makers crossed into a bear market after months of gains lifted by AI chip demand. Analysts say overly heavy spend[ing] is going into AI capabilities while household demand softens. SOXL, which tracks some thirty semiconductor firms, declined as the wider sector dropped over three percent from Friday's close.