Nasdaq jumped dramatically over 600 points Thursday finally, ending a six-day losing streak.
The index was up about 2 percent in trading.
Microsoft stock surged 17 percent after the report after its quarterly report and helped pull up the major U.S. indexes.
Chip makers also moved higher amid optimism during the session.
Investors welcomed the bounce across the board.
Trading volume was above average compared to the norm.
Analysts noted the tech boost as the sector surged.
The rally impacted most sectors including finance.
Apple stated iPhone sales surged thanks to upgrades.
The Australian ASX 200 is expected gaining roughly 1 percent after the Wall Street move in line with Wall Street.