Nasdaq climbed dramatically over 600 points Thursday at last, ending a six-day losing streak.
The index was gaining 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 gained on the back of demand during the session.
Investors applauded the bounce in the market.
Trading volume was above average against the average.
Analysts observed the tech boost as the sector surged.
The rally touched most sectors including healthcare.
Apple reported iPhone sales surged thanks to upgrades.
The Australian ASX 200 is seen gaining roughly 1 percent after the Wall Street move mirroring US gains.