Oakland police investigate $11.4 million NVIDIA hardware theft
Oakland police are investigating the theft of six pallets of NVIDIA hardware valued at $11.4 million. The cargo was picked up in Oakland on August 29, 2026, by a truck displaying a food transportation company's logo, intended for Fort Worth, Texas. The vehicle and drivers went off the grid heading south, making several multi-hour stops before police lost track of them in San Bernardino County.…
Key points
- Six pallets of NVIDIA hardware worth $11.4 million were stolen from a truck in Oakland.
- The theft was reported on September 13, 2026, after the truck went off the grid in August.
- Experts say high resale values abroad are driving increasingly professional theft crews.
UC Berkeley professor Olaf Groth noted that NVIDIA chips often sell for roughly double their US price abroad, with a $550,000 compute system potentially fetching $1 million or more. He suggested that the increasing size and complexity of such heists indicate professional crews are involved. This incident follows a pattern of thefts targeting NVIDIA hardware, including burglaries in Fremont and Union City last year worth over $7.5 million combined, and the disappearance of ZOTAC RTX 5090 cards from a São Paulo airport in September.
Six Pallets of NVIDIA Hardware Worth $11.4 Million Stolen on the Way to Texas
techpowerup.com · 6 November 2026
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