Fusion-IO Soaring Nearly 8%

Fusion-IO, Inc.

shares are soaring today, gaining nearly 8% on light volume. At last check, shares of Fusion-IO, which makes solid state drives, and counts Apple and Facebook among its customers, were up $1.71 to $24.50, a gain of 7.50% on less than 400,000 shares. Fusion-IO went public to much fanfare a few weeks ago, as the market for solid state drives has been heating up. Being that Facebook accounts for nearly half the company's revenue, the demand for Fusion-IO shares were hot. The company, which has Steve Wozniak as its chief scientist, raised its IPO price on strong demand.