SAN FRANCISCO, California — Artificial intelligence (AI) behemoth Nvidia on Wednesday said quarterly sales reached a higher-than-expected $30 billion in the last quarter, though that growth was slower than the furious pace seen in previous quarters.

Declared by Wall Street to be the world's most important stock, the California-based AI chipmaker led by Chief Executive Officer (CEO) Jensen Huang saw its share price fall by about 4 percent in after-hours trading.

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