The Direxion Daily Semiconductor Bull 3X Shares (SOXL) stock tumbled quickly on Monday as investors pulled money from chip-related ETFs. Cause: growing doubts over whether big tech companies can maintain strong returns from money pumped into AI projects. Chip makers headed toward a bear market after months of gains driven by AI chip demand. Analysts say overly heavy spend[ing] is going into AI capabilities while consumer spending slows. SOXL, which tracks around 30 semiconductor firms, declined as the wider sector lost over three percent from Friday's close.