Six pallets of Nvidia graphics processing units (GPUs) worth an estimated $11.4 million have been stolen in a cargo heist in California, with authorities investigating after a truck carrying the shipment disappeared, Tom’s HARDWARE reported last week.

The shipment left Oakland for Texas on 29 August and was collected by a truck allegedly posing as a food transport company. Investigators lost track of the vehicle in San Bernardino County, while the Oakland Police Department received a report of the theft on 13 September.

The stolen shipment reportedly contained six pallets of Nvidia hardware.

No arrests have been announced so far as authorities continue their investigation.

The incident has raised concerns over the security of high-value technology shipments, particularly as demand for advanced computing hardware continues to grow.

Olaf Groth, a professor at the University of California, Berkeley’s Haas School of Business, said Nvidia chips could fetch nearly twice their US market prices in overseas markets.

He cited the example of a chip worth around $550,000 in the United States potentially selling for $1 million or more abroad.

The theft comes amid other incidents involving stolen Nvidia graphics cards.

In September, two pallets of GeForce RTX 5090 graphics cards worth approximately $470,000 went missing at Guarulhos International Airport in São Paulo, Brazil.

Brazilian police later identified three airport employees suspected of involvement in that theft.

One of the stolen graphics cards subsequently appeared for sale on an online marketplace, with its serial number linking it to the missing shipment.