Fusion-IO Is A Runaway Freight Train

Fusion-IO, Inc. FIO shares have been soaring since the middle of June, up approximately 75% since June 17, and today is no different. Shares started the session solidly in the red, but have since recouped all of those losses, and are now solidly higher. At last check, shares of Fusion-IO were up $2.03 to $35.73, a gain of 6.02%‎ in early Tuesday trading. Fusion-IO has been in the news and written extensively on Benzinga, as the company is transforming the solid state drive industry, with its high performance drives. Fusion-io counts Apple AAPL and Facebook among its major customers, with Facebook accounting for 47% of its revenues in the quarter prior to going public. Apple co-founder Steve Wozniak is the company's Chief Scientist, and it is bankrolled by legendary tech investors Michael Dell and Marc Andreessen. Fusion-IO is transforming the disk drive industry, as it is nearly 10 times faster than old disk drives.