$11.4M in Nvidia Hardware Disappears on Texas Route

WHO:

Ars Technica - The theft involved Nvidia hardware; no arrests had been made two months later.

ABC7 Bay Area - Oakland police are investigating the theft. The victim reported the crime to the Oakland Police Department.

ABC7 Bay Area - Olaf Groth, a professor at UC Berkeley’s Haas School of Business with expertise in artificial intelligence, emerging technology, and global economics, commented on the value and security of Nvidia chips.

ABC News - Experts described the theft as a sophisticated cargo heist.

WHAT:

Ars Technica - Six pallets of Nvidia hardware worth $11.4 million disappeared while being transported to Texas.

ABC7 Bay Area - More than $11 million in Nvidia computer hardware was stolen in what experts described as a sophisticated cargo heist.

ABC7 Bay Area - Groth said Nvidia chips are highly sought after and can command about twice their U.S. price abroad. He said a chip costing about $550,000 in the United States could sell for “about 1 million or more abroad.”

ABC7 Bay Area - Groth said the size and complexity of cargo thefts suggest increasingly professional criminal teams: “The cargoes are getting bigger. The heists are getting more complex.”

ABC7 Bay Area - Police had not announced arrests, and the investigation remained ongoing.

ABC7 Bay Area - The theft followed other Bay Area crimes targeting high-value technology shipments; police in Fremont and Union City investigated burglaries involving Nvidia cargo valued at more than $7.5 million.

ABC7 Bay Area - In a separate attempted theft, suspects reportedly believed trucks carried expensive Nvidia technology, but the trucks contained 40,000 pounds of sand.

ABC News - Experts characterized the computer hardware theft as a sophisticated cargo heist.

WHERE:

ABC7 Bay Area - The shipment left Oakland, California, bound for Fort Worth, Texas. Investigators later lost track of the truck in San Bernardino County.

ABC7 Bay Area - The theft was reported as a grand theft in East Oakland.

WHEN:

Ars Technica - No arrests had been made two months after the shipment disappeared.

ABC7 Bay Area - The shipment departed Oakland on Aug. 29; the victim reported the crime on September 13, 2026.

ABC7 Bay Area - The separate attempted theft occurred in September.

WHY:

ABC7 Bay Area - Groth said demand and the higher prices chips can fetch abroad create incentives to hijack them where security is weak.

ABC7 Bay Area - Groth called advanced chips a national security asset and said their unknown destination raised concern: “They could be going to China, they could be anywhere where we have conflict in the world.”

HOW:

ABC7 Bay Area - The six-pallet shipment was picked up as planned by a truck identified as belonging to a food transport company; investigators later lost track of the vehicle.

ABC7 Bay Area - Oakland police said they were investigating a grand theft reported by the victim.

(UPDATED November 7, 2026 00:00 UTC)

Six pallets of Nvidia hardware worth $11.4 million vanished during shipment from Oakland to Texas. Experts call it a sophisticated cargo heist; investigators lost track of the truck in California. Oakland police are investigating, with no arrests announced; the chips’ destination remains unknown.