Definitely out of favour outside of BNPL and fintech. I guess it will turn around eventually. Like usual, just gotta invest in quality companies and if you do that, now is probably a great time to be buying tech!
Look at US tech, raining cats and dogs on the downside. Australia inherits US financial market problems. I concur with @Esquatcho buy what you think are the best, hold during the volatility and if you believe in your thesis where the fundamentals have not changed then increase the position.
10 year bond yields have risen sharply in the past 2 weeks. High growth company valuations can suffer as valuations are reliant on future profits, and when you raise your discount rate (10-year bond yield +risk margin), their valuations are severely impacted.
Something to be mindful of. They are pushing 1.5%. If it goes above 1.5%, all hell will break loose. I don't think it will happen because I don't think the Fed will let it happen. They can't afford to let the market crash while the economy is so fragile, risking a deflationary death spiral.