Thieves Steal $11.4M Cargo From Technology Company In East Bay

OAKLAND, CA — Police are investigating after thieves stole $11.4 million in Nvidia cargo from Oakland months ago, according to an East Bay Times report.

The shipment was headed to Fort Worth, Texas, when thieves suddenly stole it in Oakland on Aug. 29, according to the report.

Authorities didn't realize the theft had happened until early September, but by then police had lost track of it, according to the report.

Nvidia is a multi-technology company primarily known for designing graphics processing units. Its introduction of the first GPU revolutionized computing.

It's unclear exactly what the thieves are suspected of stealing from that cargo. But GPU prices are currently surging due to AI developers targeting them for data centers.

Read more from the East Bay Times.

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