Was Nvidia’s Q1 results an inflection point for the company? To be sure it was a blowout quarter, with the chipmaker reporting beats on the top and bottom lines, as well as guiding for Q2 revenue significantly ahead of prior expectations. Nvidia Share Price Surges Investors responded incredibly bullishly to the release of the Q1 report, with Nvidia closing Thursday’s session up 24% to US$379.80 per share. Nvidia shares have now rallied 165% between 1 January to 26 May, giving the company a market capitalisation of US$932 billion and making it the fourth largest weight on the Nasdaq 100 index, behind Microsoft, Apple, and Amazon. Source: Google Finance AI Transformation The story here is ultimately around the transformative power of AI. Indeed, while we have seen analysts and commentators talk up the potential impact of AI, we are now witnessing the results of that chatter through Nvidia’s operational performance and aggressive guidance. Q1 Results Review...