Fears the only way is down for hot tech sector in reporting season

Investors and analysts are nervous that the only way is down this earnings season for already highly valued blue-chip tech stocks and smaller listed software companies that they say have not done enough to convince investors to take a risk and get behind them.

A week after the tech-heavy Nasdaq entered a correction on fears of a US recession, investors who have crowded into the ASX’s most richly valued tech stars predict market jitters could cause an outsized reaction to any disappointing news.