Intel is expected to post its biggest loss on record. Has the chip maker finally hit rock bottom?

Intel Corp. is expected to post its worst quarterly loss on record Thursday, and analysts are hoping it is rock bottom for the struggling chip maker.

Intel INTC is scheduled to report earnings after the close of markets on Thursday, and analysts on average expect the Silicon Valley giant to report a loss of more than $3 billion, or 76 cents a share, according to FactSet. That would be by far the largest quarterly loss on record for the company. In records dating back to 1993, Intel has never reported a GAAP loss of more than…