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TechNvidia

Thieves steal truckload of hard-to-find Nvidia graphics cards

By
Chris Morris
Chris Morris
Former Contributing Writer
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By
Chris Morris
Chris Morris
Former Contributing Writer
Down Arrow Button Icon
November 9, 2021, 10:57 AM ET

Demand for computer graphics cards has reached a level so high that some people are willing to hijack a truck to get their hands on them.

A forum post from Nvidia partner EVGA reports that a shipment of EVGA GeForce RTX 30-Series graphics cards was stolen from a truck that was en route from San Francisco to the company’s Southern California distribution center. The post, from product manager Jacob Freeman, did not specify how many graphics cards were stolen, but noted they were valued at between $330 to $1,960 each.

Supply chain issues have limited the number of GPU chips available in the U.S. in recent months. This comes as demand is at unprecedented highs, as cryptocurrency miners depend on them to unearth Bitcoin and other digital tokens.

The GPU shortage is not expected to end anytime soon. Nvidia CEO Jensen Huang, in an earnings call earlier this year, said, “I would expect that we will see a supply-constrained environment for the vast majority of next year is my guess at the moment.”

Despite the shortages, Nvidia is still managing to set revenue records. In the most recent quarter, the company reported revenue of $6.51 billion this quarter, a 68% increase from the previous year.

More tech coverage from Fortune:

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  • Air purifiers and CO2 monitors are the new pencil and paper in classrooms
  • What scooter company Bird has planned after its public debut and a rocky 2020
  • Last year, advertisers boycotted Facebook over hate speech. Today, they’re silent

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About the Author
By Chris MorrisFormer Contributing Writer

Chris Morris is a former contributing writer at Fortune, covering everything from general business news to the video game and theme park industries.

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