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$11.4M shipment of Nvidia cargo stolen from Oakland
ABC7 Bay Area • • business
Key Points:
- Authorities are investigating the theft of $11.4 million worth of Nvidia computer hardware stolen from a shipment departing Oakland, California, bound for Fort Worth, Texas, with the cargo disappearing after being picked up by a truck linked to a food transport company.
- Experts describe the heist as highly sophisticated, noting that Nvidia chips are in high demand and can fetch double their U.S. price on international black markets, raising concerns about where stolen technology might end up.
- This incident follows a series of similar crimes targeting valuable tech shipments in the Bay Area, suggesting increasingly professional criminal operations specializing in hijacking such cargo.
- Security experts emphasize the need for tighter protections around advanced computing technology, highlighting its status as a national security asset and the risks posed if stolen hardware is diverted to hostile entities.
- No arrests have been made so far, and the investigation by Oakland police remains ongoing as authorities work to track down the stolen Nvidia hardware.
