Welcome to another episode of the VRA Investing Podcast with your host, Kip Herriage! After a brief break for an exciting due diligence trip to explore a unique private mining company, the VRA team returns with a jam-packed episode covering the latest market developments and insights. This week, Kip Herriage dives into the ongoing front-running of Q1 earnings, highlights a record-breaking streak in semiconductor stocks, and shares bold forecasts for the remainder of the year, including the impact of the innovation revolution on Wall Street.

VRA Podcast: Staying Disciplined in Overbought Markets: Nvidia, Tesla, and Missed Opportunities - Kip Herriage - April 24, 2026

VRA Investing Podcast

# Full Transcript

**Podcast:** VRA Investing Podcast

## Transcript

is closed. Good Friday afternoon everyone, Kip Herriage here with the Daily Bureau Investing Podcast. Hope you had a good day today, hope the week was fantastic as well. We've been gone for a couple days, the whole team, myself, Tyler, Sam, and Josh all went on a due diligence trip to look into a mining company. Actually, the boys found and discovered this and we've been getting to know the company, you know, the old-fashioned way with just reading up on their investment documents and then everything.

It's a private company and then we went and visited with them for a couple days. I gotta tell you, this is, without question, this is the most unique mining company because of how they do it, what their processes are, and the team behind it is really very good. And so I think that we've got another week or so of due diligence to do, but I would expect that if you're with us here in the VRA as a VRA member, you're gonna see us announce a VRA members only Zoom sometime probably in the next week.

week to 10 days, something like that, and we'll introduce you to this company. Pre-IPO, they're gonna be IPO-ing at some point in the next six to nine, ten months, something like that. And we tend not to bring you things that don't at least have a 10x assigned to them. So, yeah, this has got a lot of potential. Great, great company. So we're looking forward to possibly introducing you to that in the next week or so.

So, again, another, here are the topics. We've got a lot of topics today. I'm gonna go very fast. Front running of Q1 earnings continues. Now we're into Q1 earnings. You saw Intel today. We'll talk about that.

We, we, our theme of the last six weeks, really, when we said we thought that the war lows were in, was that front running of Q1 earnings would begin. That would give us a constant bid. Short covering would be another big theme to, again, give us a foundational bottom for the, for the shakeout correction we had.

And then with this rotational theme, back into growth, back into momentum was directly ahead. Folks, that's exactly how this has played out here. I guess one of the advantages of doing this for 40 years and having a great team that we, we don't miss a whole lot when it comes to these major themes. We tend to get those just about right. And I think we have here next week, by the way, talking about Q1 earnings, Intel, et cetera.

Earnings, of course, are off to a fantastic start for Q1. Earnings are coming in now 8% better than the estimates from just, what, two weeks ago. So the analysts were really on the wrong side of this. Our estimate from the beginning of the year was that for the full year that earnings would grow 18 to 20%. I think we're going to be on the low side. When we said 18 to 20%, the street was at 11%, maybe 10, 10 to 11%. We were at 18 to 20.

Now I saw, I think I wrote this up on Wednesday morning's letter or Tuesday morning's letter that JP M...

VRA Podcast: Staying Disciplined in Overbought Markets: Nvidia, Tesla, and Missed Opportunities - Kip Herriage - April 24, 2026

Transcript

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VRA Podcast: Staying Disciplined in Overbought Markets: Nvidia, Tesla, and Missed Opportunities - Kip Herriage - April 24, 2026

Transcript

Built for investment professionals

Every day you wait, your competitors are findingedge in conversations you're not hearing.

Every day you wait, your competitors are finding
edge in conversations you're not hearing.