Nasdaq jumped dramatically over 600 points Thursday in a relief, ending a six-day losing streak.
The index was gaining about 2 percent on Thursday.
Microsoft stock soared 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 elevated against the average.
Analysts pointed out the tech boost as the sector surged.
The rally reached most sectors including energy.
Apple stated iPhone sales surged driven by new models.
The Australian ASX 200 is projected gaining roughly 1 percent after the Wall Street move in line with Wall Street.