US Stock Market Move | The S&P 500 Index surpassed 7800 points for the first time, with component stock Super Micro Computer, Inc. (SMCI.US) rising over 7%.

On Thursday, the S&P 500 index rose over 0.7%, breaking through the 7,800 mark for the first time and setting a new historical high. Among the constituent stocks, Super Micro Computer, Inc. (SMCI.US) surged over 7%, closing at $40.335. In terms of news, the company's recently announced financial report indicated that revenue for the quarter ending in September is expected to reach between $14.5 billion and $15.5 billion, with earnings per share estimated at $1.01 to $1.10 after excluding specific items. Market data compiled shows that analysts had an average expectation of around $12 billion in revenue and earnings per share of $0.74, while this outlook even exceeds the most optimistic revenue forecast of $13.3 billion. Northland Securities analyst Nehal Chokshi maintained a hold rating on Super Micro Computer, Inc. and raised the target price from $36 to $43.