Authorities confirmed that a significant burglary at a warehouse in the Port of Oakland has resulted in the loss of millions of dollars worth of Nvidia graphics processing units (GPUs). The stolen items predominantly include the latest generation of high-performance chips, commonly used in AI research, gaming, and data centers. Investigators believe the operation was executed by an organized group with inside knowledge of the facility’s security systems.

Preliminary reports suggest the following details regarding the theft:

  • Location: Secure Nvidia distribution warehouse, Oakland
  • Estimated value: Over $10 million
  • Quantity stolen: Approximately 1,200 units
  • Targeted products: RTX 40 Series GPUs and H100 AI Chips
Chip ModelApprox. Units StolenEstimated Value (USD)
RTX 4090700$7,000,000
H100 AI500$3,500,000