The tech-heavy Nasdaq Composite Index ended the trading day up 1.3 percent. The broad S&P 500 Index closed up 0.8 percent while the Dow Jones Industrial Average rose 0.3 percent.
Chip companies were the main drivers, including Micron Technology and Sandisk, which climbed 4.5 and 7.6 percent, respectively.
After this week's strong rise, oil prices fell back slightly on Thursday, despite continued disruptions to shipping through the Strait of Hormuz as a result of new US attacks in Iran and new Iranian attacks on neighboring countries around the Persian Gulf.
A barrel of North Sea oil (Brent), which was trading close to $80 on Wednesday, now costs $76.1 per barrel.
