Nvidia hardware worth $11.4M vanished between Oakland and Texas

Six pallets of Nvidia hardware worth $11.4 million disappeared during transport from Oakland to Texas in August, and despite an ongoing investigation, no arrests have been made. The shipment was picked up by a food transportation company truck and vanished after making multiple stops in California. This is the latest in a string of high-value hardware thefts, with over $100 million in stolen goods since June. Nvidia's hardware has been a particular target, with a similar investigation in 2025 finding over $7.5 million in stolen goods in the Bay Area. The thieves are believed to be using sophisticated techniques like GPS location spoofing and arranging collisions with police escort vehicles to carry out their crimes. The stolen components can be sold in gray-market transactions or shipped overseas, where access to US tech hardware may be restricted. The investigation is ongoing, and police have not yet recovered the stolen goods or made any arrests.