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 edge[d] toward a bear market after months of gains fueled 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 lost more than 3% from Friday's close.