The carnage across the technology sector has left investors with an opportunity to access some of the sharemarket’s most hyped stocks at cheaper prices, but strategists urge caution amid expectations of heightened volatility in coming months.

Concerns about imminent and aggressive tightening measures by the US Federal Reserve to control ballooning inflation have coincided with doubts about the outlook for US corporate earnings after disappointing fourth-quarter results from the big banks and lockdown darlings Netflix and Peloton.