IBM Stays in Tech Spotlight with Hybrid Cloud AI Strategy

IBM, a century-old technology company, has been in focus as tech shares led Wall Street higher on Wednesday. The company's hybrid cloud, artificial intelligence (AI), consulting, and quantum computing strategy remains central to its operations.

The recent acquisition of Logiq Consulting, a British cybersecurity consultancy serving defence, government, and critical infrastructure clients, underlines the company's continued dealmaking in security and services.

IBM has reinvented itself around hybrid cloud, AI, and consulting, but shares have retreated from record levels reached earlier this year. The market is weighing the pace of this shift as investors consider whether delayed deals will convert as expected.