For similarity of matrices, if A and B are similar, are $A = P^{-1}BP$ and $A = PBP^{-1}$ equivalent?
I know that matrix multiplication is not commutative, but it seems to me that it is in this specific case?
I would greatly appreciate it if people could please clarify this.
Well, if you set $P=Q^{-1}$, then we see
$$A=P^{-1}AP=(Q^{-1})^{-1}BQ^{-1}=QBQ^{-1}$$
So yes, they're equivalent.