June 12 (Reuters) - Tech conglomerate Broadcom ( AVGO )

raised its annual revenue forecast on Wednesday, betting on

higher demand for its networking equipment and custom chips from

businesses investing in artificial intelligence infrastructure.

The company expects full-year revenue of about $51 billion,

including contribution from VMware, compared with its prior

forecast of about $50 billion. Analysts on average expect fiscal

2024 revenue at $50.42 billion, according to LSEG data.