“Capital expenditures are expected to be approximately $350 million to $400 million.”

In context

“th to be driven primarily by Data Center. Gaming will also contribute to growth. Revenue is expected to be $8.1 billion, plus or minus 2%. GAAP and non-GAAP gross margins are expected to be 65.2% and 67%, respectively, plus or minus 50 basis points. GAAP operating expenses are expected to be $3.55 billion, including the Arm write-off of $1.36 billion. Non-GAAP operating expenses are expected to be $1.6 billion. For the fiscal year, we expect to grow non-GAAP operating expenses at a similar percent as in fiscal 2022. GAAP and non-GAAP other operating, other income and expenses are both expected to be an expense of approximately $55 million, excluding gains and losses on nonaffiliated investments. Non-GAAP tax rate are expected to be 11% and 13%, plus or minus 1%, excluding discrete items. Capital expenditures are expected to be approximately $350 million to $400 million. Further financial details are included in the CFO commentary and other information available on our IR website. In closing, let me highlight upcoming events for the financial community. We will be attending the Morgan Stanley Technology, Media and Telecom Conference in person on March 7. We will also be hosting a virtual Investor Day on March 22, alongside the GPU Technology Conference. This will follow Jensen's opening keynote, which we invite you to tune into. Our earnings call to discuss the results for our first quarter of fiscal 2023 is scheduled for Wednesday, May 27. We will now open the call for questions. Operator, will you please poll for questions? Operator: Thank you. [Operator Instructions]. We'll take our first question from Toshiya Hari with Goldman Sachs & Company. Your”