$11.4M in Nvidia hardware vanishes in transit from California to Texas

Six pallets of Nvidia hardware vanished during a shipment from California to Texas. According to the report, the cargo was valued at $11.4 million and was picked up in Oakland on Aug. 29 for delivery to Fort Worth. The truck made several extended stops along the way before investigators lost track of it in Southern California.

The Oakland Police Department confirmed an ongoing grand theft investigation after a complaint was filed on Sept. 13. Citing The Mercury News, the report says the vehicle displayed a food transportation company's logo during the scheduled pickup. The driver then headed south and made several stops lasting multiple hours before the trail went cold in San Bernardino County.

The article notes that police have not confirmed the $11.4 million valuation or identified the specific merchandise. The owner, shipper, motor carrier and driver also remain unidentified. Authorities have not publicly explained the extended stops or established whether criminals impersonated a transportation provider. No arrests have been announced, and there is no confirmed recovery of the goods. Nvidia did not respond to a request for comment.

The Oakland case follows other thefts involving Nvidia merchandise in Northern California. During 2025, Fremont and Union City police investigated burglaries involving more than $7.5 million in Nvidia products. In a separate September incident, thieves stole two PlusAI trailers, one displaying Nvidia branding, from a Fremont warehouse; the trailers contained about 40,000 pounds of sand rather than hardware. Investigators have not linked those cases to the Oakland disappearance.