NEW YORK — Shares of International Business Machines Corp rose modestly Monday, reflecting steady investor interest in the technology services leader's strategic shift toward artificial intelligence, hybrid cloud solutions and enterprise software amid a competitive digital transformation market.

The stock advanced about 1.7% to around $276.28 in morning trading, adding to recent performance as IBM continues executing on its multiyear transformation plan under CEO Arvind Krishna.

IBM has repositioned itself as a hybrid cloud and artificial intelligence company, leveraging its deep enterprise relationships and expertise in mission-critical systems. The company's Watson artificial intelligence platform and Red Hat open-source software have become central to its growth strategy.

Recent quarterly results showed resilience in key segments despite macroeconomic pressures on information technology spending. IBM reported solid demand for its consulting services and software offerings, with artificial intelligence-related bookings gaining traction.

The company's focus on industry-specific solutions has resonated with large enterprises seeking to integrate artificial intelligence into existing workflows. IBM's approach emphasizes responsible artificial intelligence deployment with attention to governance, security and explainability.

Hybrid cloud infrastructure remains a cornerstone of IBM's business, enabling clients to manage workloads across private and public environments. Partnerships with major cloud providers complement IBM's own infrastructure offerings.

IBM's acquisition of Red Hat has strengthened its position in open-source........

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