Are ASX tech shares like Afterpay (ASX:APT) in a bubble?

ASX tech shares have been some of the brightest stars in ASX investors eyes in 2020. The S&P/ASX All Technology Index (ASX: XTX) is up more than 32% year to date (at the time of writing). That includes the impact of the share market crash/bear market we saw back in March. If you take the index’ returns since 23 March, the returns are even more staggering – more than 127% at the time of writing.

But with companies in this index such as Afterpay Ltd (ASX: APT) rising more than 200% since the start of the year, many investors in the tech space might find themselves getting nervous with money still on the table.

That’s a view that is justified, if reporting from the Australian Financial Review (ASFR) this week is to be believed….