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Story summary
- Meta Platforms' shares surged 36% in September after launching the Muse personal AI assistant.
- JPMorgan analyst Doug Anmuth upgraded Meta to overweight and set a $920 price target.
- Muse linked with over 2,000 apps in two weeks, including Walmart, Best Buy, Sephora and Wayfair.
- Meta projects $140 billion capital spending in 2026, rising to $197 billion in 2027, with free cash flow –$6.4 billion in 2026.