Six Pallets of Nvidia Hardware Worth $11.4M Stolen on the Way to Texas

Police in Oakland, California, are investigating the theft of six pallets of NVIDIA hardware valued at $11.4 million and scheduled for delivery to Fort Worth, Texas. A truck displaying a food transportation company’s logo collected the shipment on August 29, then made several long stops while heading south. Authorities lost track of it in San Bernardino County. The cargo was apparently missing by early September, but the theft was not reported to Oakland police until September 13. No arrests have been announced. Investigators have not disclosed whether the pallets held AI accelerators, complete computing systems, or GeForce graphics cards.

The shipment’s contents matter because NVIDIA hardware can command much higher prices abroad: UC Berkeley professor Olaf Groth estimated that chips may sell for roughly twice their U.S. price, with a $550,000 computing system fetching at least $1 million. He said increasingly large, complex thefts suggest professional crews. The incident follows other losses involving NVIDIA products, including California burglaries totaling more than $7.5 million, two pallets of ZOTAC RTX 5090 cards stolen at São Paulo airport in September, and a 2021 theft of EVGA graphics cards. A card from the Brazilian shipment later appeared for sale online. The recurring thefts underscore how scarcity and resale value make high-end GPU shipments attractive targets.