US, Iran Agree to 60-Day Truce Pending Trump Approval | Balance of Power: Late Edition 5/28/2026
Speakers
David Kennedy
— Former NSA Hacker and Founder, TrustedSec
Romaine Bostick
— Anchor, Bloomberg
Summary
The video covers the tentative US-Iran ceasefire deal, political reactions from lawmakers, and Dell's strong earnings driven by AI server demand. Dell's CFO raised revenue guidance on broad-based AI infrastructure spending, sending shares up 29% after hours. Political panel discusses implications of the deal and midterm elections.
- US and Iran agree to 60-day ceasefire extension pending Trump approval.
- Treasury Secretary Bessent outlines three red lines: open Strait of Hormuz, turnover enriched uranium, no nuclear weapons.
- Rep. Garamendi opposes $1.5 trillion defense budget without justification.
- Rep. Lawler emphasizes getting enriched uranium out of Iran as the largest part of any deal.
- Dell reports blowout earnings with 88% revenue growth and 214% EPS growth.
- Dell raises full-year guidance to $167 billion revenue, including $60 billion from AI servers.
- Dell stock surges in after-hours trading on strong outlook and Pentagon contract.
- Panel discusses whether President Trump's decisions are influenced by midterm politics.
Trade Ideas
AI server demand drives Dell's growth.
Dell experienced strong revenue growth (88%) and EPS growth (214%) driven by broad-based AI server demand across customers and geographies. The company raised its full-year revenue guidance by $27 billion to $167 billion, with AI server sales expected to reach $60 billion. This demand is durable as it moves from training to inference, creating net new infrastructure needs. The Pentagon contract is a small part; the growth is broad-based.
Up Next
This Bloomberg Markets video, published May 28, 2026, features David Kennedy discussing DELL. 1 trade idea extracted by AI with direction and confidence scoring.
Speakers: David Kennedy · Tickers: DELL