Nasdaq jumped dramatically over 600 points Thursday in a relief, ending a six-day losing streak.
The index was up about 2 percent this week.
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 on the back of demand during the session.
Investors cheered the bounce with optimism.
Trading volume was above average by a wide margin.
Analysts pointed out the tech boost in the latest data.
The rally impacted most sectors including finance.
Apple stated iPhone sales surged thanks to upgrades.
The Australian ASX 200 is seen gaining roughly 1 percent after the Wall Street move reflecting global sentiment.