Nasdaq rose dramatically over 600 points Thursday at last, ending a six-day losing streak.
The index was higher about 2 percent on Thursday.
Microsoft stock surged 17 percent on the news after its quarterly report and helped pull up the major U.S. indexes.
Chip makers also moved higher as chips rallied during the session.
Investors applauded the bounce in the market.
Trading volume was strong against the average.
Analysts pointed out the tech boost as the sector surged.
The rally reached most sectors including healthcare.
Apple reported iPhone sales surged after a launch.
The Australian ASX 200 is seen gaining roughly 1 percent after the Wall Street move mirroring US gains.