Other Chinese chip developers have also secured major contracts with large domestic companies. Metax supplies advanced chips such as China Unicom, a state-run telecom operator.
Another eager and potential challenger for Nvidia is Beijing-based Cambricon Technologies.
Stocks registered in Shanghai are more than twice as valuable in the past three months as they bet that for the past three months, Chinese companies will benefit from promoting locally produced high-end chips.
Tencent, which owns the super app Wechat, is another notable tech giant that has listened to the government's call to use Chinese chips.
The lack of state-backed exhibitions has also encouraged Chinese technology companies to attract investors.
“The competition has definitely arrived,” an Nvidia spokesman told the BBC in response to questions about recent progress from Chinese chip companies.
“Customers choose the best technology stack to run the world's most popular commercial applications and open source models. We will continue to work to gain the trust and support of mainstream developers everywhere.”
However, some experts warn that a lack of publicly available data and a lack of consistent test benchmarks should result in salt insufficient claims made by Chinese shipmakers.
China's semiconductors work just like the US in predictive AI, but lack complex analysis, said Jawad Haj-Yahya, a computer scientist who tested both US and Chinese chips.
“The gap is clear and certainly shrinking, but I don't think it's something they'll catch up in the short term.”
