The Direxion Daily Semiconductor Bull 3X Shares (SOXL) price plunged hard on Monday as investors moved capital from chip-related ETFs. Cause: mounting skepticism over whether big tech companies can still pull in gains from money flooded into AI projects. Chip makers drifted into a bear market after months of gains lifted by AI chip demand. Analysts say excess capital is going into AI capabilities while spending cools. SOXL, which tracks around 30 semiconductor firms, lost value as the wider sector dropped roughly three percent from Friday's close.