Intel is expected to post its biggest loss on record.

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.

https://www.marketwatch.com/amp/story/intel-is-expected-to-post-its-biggest-loss-on-record-has-the-chip-maker-finally-hit-rock-bottom-f1d8d7ea