I'm a student pursuing my Masters degree in USA and have 4 years of experience but in IBM i Series (which is almost 30+ years old technology). I am not sure now how to change my tech stake and which path to even go into. Any suggestions on how and what to start? I have a good amount of knowledge on Java 8 but didn't get any chance to work as a java developer or a back-end developer.

I'm not even sure if I want to become a back-end developer as well. Very much lingering within my own thoughts.

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Considering that Java 8 came out 10 years ago and they are now on Java 25 I wouldn't advertise that too much. To show mastery of newer technology you need to build out a variety of small projects and publish them on your GitHub.

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I can suggest you keep practicing on old version and make small projects with update Java.

You only mention the programming languages you used in your resume not the hardware you work on. Software skill is the same regardless of what hardware platform you use it for.

but which path should I choose?

What is your masters degree about? It relevant to what you have done and/or want to do, I would probably direct my efforts in that direction

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