As NASDAQ rallies, smartphone sector has been a crushing disappointment

[Wireless News]

Over the last 12 months, the NASDAQ has moved up by 17%, a respectable performance. However, most of the best-known hedge funds in the world continue lagging both NASDAQ and the broader S&P index woefully. The smartest investors in the world are having trouble matching index funds in both 2012 and 2013. Probably the biggest reason for this is the way smartphone-related stocks have underperformed. This was something that was extremely difficult to predict in early 2012. Not only has Apple tanked over the past year but other hedge fund darlings have also lagged behind NASDAQ: Omnivision, the camera module champion, is down 16% in a year and Qualcomm, the key phone chip vendor, is up by only 4%. The

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