NVIDIA Corp (NASDAQ:NVDA) is emerging as a key player in the global drive for ‘Sovereign AI’ as nations seek to develop independent AI capabilities, a trend that could significantly boost the company’s long-term growth. What Happened: During the first quarter earnings call, Nvidia executives highlighted the company’s pivotal role in powering national AI initiatives worldwide. Nvidia CFO Colette Kress noted, “Sovereign AI refers to a nation’s capabilities to produce artificial intelligence using its own infrastructure, data, workforce and business networks.” Kress elaborated that nations are pursuing diverse models for Sovereign AI buildouts. “Some are procuring and operating Sovereign AI clouds in collaboration with state-owned telecommunication providers or utilities. Others are sponsoring local cloud partners to provide a shared AI computing platform for public and private sector use.” Nvidia CEO Jensen Huang has long advocated that leadership in ...