Six Pallets of NVIDIA Hardware Worth $11.4 Million Stolen on the Way to Texas - TechPowerUp
Oakland police are investigating the theft of six pallets of NVIDIA hardware worth $11.4 million that were en route to Fort Worth, Texas.
The truck, which displayed a food transportation company's logo, picked up the planned cargo in Oakland on August 29. It then went off the grid, making several multi-hour stops before police lost track of it in San Bernardino County. The cargo was not reported missing until early September, with the theft officially reported to Oakland police on September 13.
The specific contents of the six pallets have not been disclosed. It is unclear if the cargo consisted of AI accelerators, complete systems, or GeForce graphics cards. UC Berkeley professor Olaf Groth noted that NVIDIA chips can sell for roughly double their US price abroad, with a $550,000 compute system fetching $1 million or more.
He added that the heists are getting bigger and more complex, which points to increasingly professional crews.
NVIDIA cargo has been a target before. Last year, police in Fremont and Union City investigated burglaries of NVIDIA cargo worth more than $7.5 million combined. In September, two pallets of ZOTAC RTX 5090 cards vanished from São Paulo's airport in Brazil, and one of the cards later showed up for sale online. Back in 2021, a truck full of EVGA graphics cards was also stolen in California.
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