“Non-GAAP effective tax rate to be 13% and the diluted share count is expected to be approximately 1.63 billion shares.”

In context

“PU ramp. Embedded revenue to decline as customers continue to work down their inventory levels. Client segment revenue to decline seasonally. And in the Gaming segment as we enter the fifth year of what has been a very strong gaming cycle and given current customer inventory levels, we expect revenue to decline by significant double-digit percentage. Year-over-year, we expect Data Center and Client segment revenues to increase by strong double-digit percentage given the strength of our product portfolio and the share gain opportunities. Embedded Segment to decline and the Gaming segment revenue to decline by significant double-digit percentage. In addition, we expect first quarter non-GAAP gross margin to be approximately 52%. Non-GAAP operating expenses to be approximately $1.73 billion. Non-GAAP effective tax rate to be 13% and the diluted share count is expected to be approximately 1.63 billion shares. While we are not providing specific full year guidance for 2024, let me provide some color. Directionally, for the year, we expect 2024 Data Center and the Client segment revenue to increase driven by the strengths of our product portfolio and the share gain opportunities. Embedded segment revenue to decline and the Gaming segment revenue to decline by significant double-digit percentage. We expect to expand gross margin in 2024 and continue to invest to address the large AI opportunities while driving operating model leverage to deliver earnings per share growth faster than top line revenue growth. In closing, we delivered solid financial results in 2023. We further strengthening our product portfolio and establishing ourselves as a leading provider of Data Center GPUs for AI. We are ver”