Nasdaq climbed considerably over 600 points Thursday in a relief, ending a six-day losing streak.
The index was up about 2 percent this week.
Microsoft stock rose 17 percent after the report after its quarterly report and helped pull up the major U.S. indexes.
Chip makers also gained as chips rallied during the session.
Investors cheered the bounce with optimism.
Trading volume was strong compared to the norm.
Analysts noted the tech boost as the sector surged.
The rally impacted most sectors including finance.
Apple said iPhone sales surged thanks to upgrades.
The Australian ASX 200 is seen gaining roughly 1 percent after the Wall Street move mirroring US gains.