“Year-over-year, we expect revenue for the Client segment to be up, Datacenter segment to be flattish, and the gaming and Embedded segments to decline.”

In context

“rating income was $757 million or 52% of revenue, compared to $641 million or 51% a year ago, primarily driven by higher revenue. Turning to the balance sheet and the cash flow, during the quarter, we generated $379 million in cash from operations. Free cash flow was $254 million. Inventory increased by $332 million to support the continued ramp of Advanced Technology products, we expect inventory to decline as we ship this product to customers in the second-half of the year. At the end of the quarter, cash, cash equivalents and short-term investment was drawn at $6.3 billion. Now, turning to our third quarter 2023 outlook, we expect revenue to be approximately $5.7 billion plus or minus $300 million and an increase of approximately 2.5% year-over-year and approximately 6.5% sequentially. Year-over-year, we expect revenue for the Client segment to be up, Datacenter segment to be flattish, and the gaming and Embedded segments to decline. Sequentially, we expect the Client and the Datacenter segment to each grow by a double-digit percentage and the Gaming and Embedded segments to decline. Non-GAAP gross margin to be approximately 51%, non-GAAP operating expenses to be approximately $1.65 billion, non-GAAP effective tax rate to be 13%, and the diluted share count is expected to be approximately 1.63 billion shares. In closing, I'm pleased with our second quarter top line and bottom line execution. We expect our new product ramps across the Datacenter and Client segment to drive sequential growth into the third quarter. Importantly, our leadership product portfolio, datacenter and AI investment priorities and financial strengths position us well for long-term growth. With that, I'll turn it back to Mitch for Q&A session. Mit”