24/7 Market News Snapshot 12 November, 2024 – Clean Energy Technologies, Inc. Common Stock (NASDAQ:CETY)

November 12, 2024

DENVER, Colo., 12 November, 2024 (247marketnews.com) – (NASDAQ:CETY) are discussed in this article.
Clean Energy Technologies, Inc. (CETY) is demonstrating robust momentum in the market, trading at $1.118 with a notable increase of 6.48% from its previous close of $1.050. The trading volume has reached 510.29K, reflecting heightened investor interest and potential for further upward movement. Key levels worth monitoring include a support level at $1.050 and a resistance point near $1.15. This surge is indicative of positive sentiment surrounding the company, largely driven by a growing demand for clean energy solutions and market enthusiasm. Sustained trading volume above 500K may suggest a strong continuation of this bullish trend in the immediate future.

In a significant development, CETY has recently secured a memorandum of understanding with Freyr Technology Pte. Ltd. to enhance its presence in the artificial intelligence (AI) and data center sectors. This strategic alliance aims to address the escalating demand for AI computing and data center services within Southeast Asia. CETY will collaborate closely with Freyr, a partner of NVIDIA recognized for optimizing GPU usage through innovative solutions.

Freyr is set to lead client acquisition and manage the operations of the data centers, while CETY will provide the requisite NVIDIA infrastructure. This partnership not only positions both companies to capitalize on the burgeoning AI computing market but also aligns with CETY’s mission of integrating clean energy innovations into data center practices. Through its expertise in energy efficiency, CETY aims to bolster sustainability efforts within these operations, thereby significantly reducing costs and promoting zero-emission energy use.

CETY’s offerings, including Waste Heat Recovery Systems and Waste to Energy Solutions, further solidify its commitment to environmental stewardship. This collaboration signifies a pivotal move towards enhanced technological and ecological responsibility, illustrating CETY’s ambition to redefine clean energy solutions and play a critical role in the evolving data center landscape.

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