The sprawling universe of ASX-listed tech stocks has been hard hit by the pull-back in tech valuations globally, yet the short-term prospects for many of these enterprises are as strong as ever and bargain buyers have emerged from the digital shadows.

Evident from late last year, the pricking of the pandemic-era tech bubble was prompted mainly by fears of higher interest rates, which increase the cost of funding and coax investors back to cash and yielding investments such as property and bonds.