Franklin Templeton's Capital Deployment Demand Exposes the Structural Gap in the AI Ledger

The request for transparency is not a request for information. It is a demand for a mechanism to measure intent. The capital deployment plans issued by Nvidia's executive team have become the central accounting failure in the AI trade. In the absence of clear figures, the market substitutes narrative for verification. And narratives, as any on-chain investigator knows, are the first thing that defaults.