Nasdaq jumped considerably over 600 points Thursday finally, ending a six-day losing streak.
The index was higher about 2 percent in trading.
Microsoft stock soared 17 percent after the report after its quarterly report and helped pull up the major U.S. indexes.
Chip makers also advanced as chips rallied during the session.
Investors welcomed the bounce across the board.
Trading volume was strong compared to the norm.
Analysts noted the tech boost as the sector surged.
The rally touched most sectors including finance.
Apple said iPhone sales surged after a launch.
The Australian ASX 200 is projected gaining roughly 1 percent after the Wall Street move mirroring US gains.