Stocks to Watch: Alphabet, Tesla, Nestle, Intel

Dow Jones17:12

Tesla $(TSLA)$: Elon Musk's EV maker reported negative free cash flow of more than $1 billion in the second quarter amid heavy spending on AI and robotics. Shares fell about 5% premarket.

Alphabet $(GOOGL)$: Shares slid more than 3% premarket after the tech company announced plans to significantly boost its capital expenditure.

Nestle (CH:NESN): Shares in the world's largest food and beverage company fell after it posted disappointing half-year results and announced the sale of half of its water business.

STMicroelectronics (FR:STMPA, STM): The Apple and SpaceX supplier upgraded its AI data-center revenue targets, but its shares took a tumble in a sign of high investor expectations.

T-Mobile US $(TMUS)$, Lockheed Martin (LMT), Blackstone (BX): The companies are among a large group of names reporting earnings ahead of the opening bell. Chipmaker Intel $(INTC)$ is set to release results after the market close.

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