Data I/O Corporation (DAIO)

[southacresdave]

GM announcement--the way of the future for automotive manufacturers??

GM was up 4.4% today. They announced that they will have a fleet of autonomous vehicles by 2020. The also announced that they will have 18 models of electric cars by 2023 and, eventually (who knows when?), will end the combustible engine car.

More autonomous vehicles = more semiconductors per car.
More electric vehicles = more semiconductors per car.
More infotainment = more semiconductors per car.

All this equals means more security at the chip level which aids DAIO. Also, all of this means more data being transferred per chip which aids DAIO as you need more machines to make sure you don't bottle neck the process.

Even U.S. Congress is about to pass legislation pushing for autonomous vehicles. It's about the only thing they have passed in 2017. The other thing that they may get done is a bill on IoT security (which is the next big winner for DAIO).

2017 looks good for DAIO. 2018 does too. The thing is it may look good for multiple years after that. Sure, buying DAIO's equipment for the OEM's and other companies is a capital investment they may not be real excited about doing, but they either get involved in security now or will pay for it later for sure.

I like the stock at 52 week highs. I'm hoping $10 is just a drop in the bucket compared to where it could be 2-3 years from now.