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Nvidia hardware worth $11.4 million vanished on Oakland-to-Texas run
Ars Technica reports six pallets of Nvidia hardware valued at $11.4 million disappeared after pickup in Oakland on Aug. 29, with no arrests more than two months later.
- New headline Was: “Nvidia hardware worth $11.4M vanished between Oakland and Texas”
- Our desk filed its story
A shipment of Nvidia hardware valued at $11.4 million disappeared after leaving Oakland, California, on Aug. 29 bound for Fort Worth, Texas, and more than two months later authorities have announced neither arrests nor recovery of the cargo, Ars Technica reported Friday1.
Citing the Mercury News, Ars said six pallets of unspecified Nvidia equipment were picked up as scheduled by a truck bearing a food-transportation company logo before the load went off the grid1. Buyers realized in early September that the shipment had not arrived1.
Investigators tracing the route found several multi-hour stops after pickup and lost the truck in San Bernardino County, California, Ars reported1. Oakland police confirmed a grand theft report was filed Sept. 13 and that the investigation remains open, the outlet said1. Police have not identified the Nvidia products stolen or described exactly how the theft was carried out1.
Ars framed the Oakland case as part of a broader run of data-center hardware heists, saying thieves have taken more than $100 million in similar shipments since June1. It cited NBC News reporting that investigators describe planning that has included GPS spoofing and staged collisions with police escort vehicles, and that stolen parts may be stripped for gray-market sales or sent overseas1.
Nvidia hardware has been targeted before: in 2025, police investigated burglaries of Nvidia equipment valued at more than $7.5 million around Fremont and Union City, California, Ars said1. Citing the Mercury News, it said police believe those thefts involved a group that obtained vehicles in Southern California before traveling north to the Bay Area1.
Ars also cited ABC News quoting UC Berkeley Haas professor Olaf Groth on high resale prices abroad and more complex heists as cargoes grow1. Not every attempt succeeds: Ars cited Wired on a September theft of two trailers marked with Nvidia and PlusAI logos that police recovered nearby, each loaded with 20,000 pounds of sand used to simulate freight1.
