A monster day for Microsoft’s stock led a powerful rebound on Wall Street Thursday, while computer-chip companies regained some of their sharp recent losses. In the bond market, worries remained about inflation potentially remaining high for years. The S&P 500 rallied 1.7% and more than recovered its drop from the day before, which was its worst in seven weeks. The Dow Jones Industrial Average jumped 613 points, or 1.2%. The Nasdaq composite rallied 2.8% a day after it fell 9.8% below its record set last month. Microsoft leaped 15.5% for its best day in nearly 18 years after reporting a stronger profit for the latest quarter than analysts expected. Growth was strong for its Azure cloud business, and CEO Satya Nadella said it reflects how customers are using Microsoft to move into AI. Microsoft did not announce a big increase in how much it plans to spend on AI investments. Meta Platforms fell 8% after reporting a weaker profit for the latest quarter than analysts expected. Micron Technology jumped 18.4%, Lam Research soared 18%, and Advanced Micro Devices rallied 13%. Jersey Mike’s Subs’ stock fell 6% in its first day of trading on the New York Stock Exchange. The S&P 500 rose 121.48 to 7,437.63. The Dow Jones Industrial Average climbed 613.92 to 52,208.06, and the Nasdaq composite leaped 679