ASX tech investors will be looking for the results of strict cost-cutting measures in the sector, rather than developments in buzzy areas such as artificial intelligence this earnings season, and some of the biggest tech stocks are likely to disappoint, fund managers have predicted.

Rising interest rates sparked a sell-off in technology stocks in early 2022, forcing CEOs to commit to break even and cut costs, primarily by laying off staff. However, the market will now want to see that companies can still show signs of future growth, via more austere measures.