SPY and SOXX...kinda a big issue of reality

So if the SPXL tracks the SPY and is pretty chuck at the ATH....

And the SOXL tracks the SOXX and is at the ATL....

What am i missing that others get....cause when your semiconductors are said to the AI backbone and its our future.....

Why is SOXS and SOXL relatively close in price...

I mean SPXL (SPY long) is like 155 and SPXS (SPY short) is like 5 something

So how does that graph not say what you see if fake...hmmm