$11.4M Nvidia Shipment Vanishes Mid-Transit, No Leads

A $11.4 million haul of Nvidia hardware disappeared between Oakland and Texas in late August, emblematic of a sharp uptick in targeted hardware theft. Six pallets left Oakland on August 29 aboard a truck bearing a food company logo, picked up as scheduled but then lost somewhere in San Bernardino County after unexplained stops. The theft went undetected until early September when the buyer realized the shipment never arrived. Oakland police filed a grand theft report in mid-September, but two months later have made no arrests or recovered cargo.

The heist is one of many: over $100 million in similar shipments have been stolen since June. Thieves are employing sophisticated tactics—GPS location spoofing, coordinated vehicle collisions with police escorts—that suggest organized operations. Authorities have disclosed neither the specific hardware stolen nor how the theft was executed. Diverted components are typically stripped and sold through gray markets or exported to regions with restricted US tech access.