BMO is reacting to yesterday's H-P (HPQ) server announcement by downgrading Intel (INTC), and...

|About: HP Inc. (HPQ)|By:, SA News Editor

BMO is reacting to yesterday's H-P (HPQ) server announcement by downgrading Intel (INTC), and upgrading ARM (ARMH). While noting "volume shipments" of ARM-based server chips will take time, the firm thinks "ARM is now a viable competitor" in the market. BMO also sees much potential for ARM in the set-top box chip market, where rival MIPS has historically been dominant.