One year after DeepSeek upended the U.S. markets, investors are bracing for what could be the next moment of reckoning out of China: A rapid and coordinated push to scale home-grown Nvidia
rivals for artificial intelligence chips.
In just the past two months, four startups, dubbed China’s “four dragons,” have already gone public or filed to: Moore Threads, MetaX, Biren, and Enflame.
All four help advance Beijing’s broader strategy to beef up its domestic hardware stack and reduce reliance on the U.S.
Meanwhile, established chip firms like Huawei and Cambricon are scaling quickly.
