The Direxion Daily Semiconductor Bull 3X Shares (SOXL) price plunged hard on Monday as investors shifted cash from chip-related ETFs. Cause: deepening concerns over whether big tech companies can keep making profits from money flooded into AI projects. Chip makers edge[d] toward a bear market after months of gains driven by AI chip demand. Analysts say excess capital is going into AI capabilities while buyer demand eases. SOXL, which tracks about 30 semiconductor firms, lost value as the wider sector dropped over three percent from Friday's close.