ASML ADR shares jump 5% as AI stocks rebound after election-driven selloff

ASML Holding ADR shares surged 5.0% in morning trading on Friday, reaching $1,424.95, as semiconductor and AI stocks rebounded following a sharp decline triggered by Democratic midterm election victories. The rebound reflects investors reassessing Thursday's selloff as an overreaction to concerns that Democratic control of Congress could lead to stricter AI infrastructure regulations and construction pauses. The stock remains well below its 52-week high of $1,999.96, with policy uncertainty and China export restrictions still posing ongoing challenges. Supporting the recovery were strong U.S. employment data showing 165,000 jobs added, broad sector-wide bargain buying, and oversold technical conditions. The Philadelphia Semiconductor Index bounced about 4% after its worst one-day drop since 2020, with peers including Nvidia, AMD, and Micron also posting notable gains.