The Australian sharemarket has bounced higher on Friday morning, with technology shares shining after Wall Street pushed to fresh records overnight on the back of a deal between Nvidia and Intel.

The S&P/ASX 200 rose 53.9 points or 0.6 per cent to 8799.1 at 12.51am, with 10 of 11 sectors in positive territory, led by tech and healthcare stocks. Only telecommunication shares are in the red.

Tech socks rallied on Wall Street. Credit: AP

Technology shares followed the Nasdaq higher. Family member location app Life360 added 3.8 per cent and software giant Xero advanced 1.6 per cent. Software logistics company WiseTech gave up early gains to be 0.3 per cent lower in early afternoon trade.

Commonwealth Bank – the biggest stock on the bourse – rose 0.8 per cent, but it was a mixed bag for

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