The Direxion Daily Semiconductor Bull 3X Shares (SOXL) value slid fast on Monday as investors trimmed positions from chip-related ETFs. Cause: lingering uncertainty over whether big tech companies can keep making profits from money funneled into AI projects. Chip makers headed toward a bear market after months of gains driven by AI chip demand. Analysts say excess capital is going into AI capabilities while household demand softens. SOXL, which tracks some thirty semiconductor firms, slipped as the wider sector cut more than 3% from Friday's close.