The Direxion Daily Semiconductor Bull 3X Shares (SOXL) stock tumbled quickly on Monday as investors pulled money from chip-related ETFs. Cause: mounting skepticism over whether big tech companies can keep delivering returns from money inject[ed] into AI projects. Chip makers headed toward a bear market after months of gains carried by AI chip demand. Analysts say too much money is going into AI capabilities while household demand softens. SOXL, which tracks some thirty semiconductor firms, declined as the wider sector lost around three percent from Friday's close.