NVIDIA Corp (NASDAQ:NVDA) shares are trading higher following reports that the company is in talks to be an anchor investor in the upcoming Arm IPO. Arm aims to bring Nvidia on board at a valuation of around $80 billion, but Nvidia is reportedly interested at a valuation closer to $35 or $40 billion. This news comes after Nvidia was forced by regulators to abandon an acquisition of Arm for $66 billion last year. Nvidia was also named a top pick by analysts at Goldman Sachs.