IBD UPDATE: Data Storage Stocks Gain On Enterprise Demand

A prevailing trend has shown businesses placing data storage higher on their priority list. That’s helping drive results for EMC,NetApp (NTAP), Fusion-io (FIO),Western Digital (WDC) and other makers of hard drives and data storage systems.

Solid-state storage, which uses flash-type memory chips, is used in mobile phones and the iPad. Fusion-io and OCZ Technology (OCZ) make solid-state devices that plug directly into computer servers, speeding up the delivery of Web content. Fusion-io’s two biggest customers are Apple (AAPL) and Facebook (FB).

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