Asian shares and U.S. futures advanced Monday after artificial intelligence stocks recovered some ground lost in last week’s sell-offs.

Taiwan’s Taiex led gains with a 5.6% jump, thanks to a rebound in computer chipmaker TSMC, which also surged 5.6%.

Regional tech stocks benefited from gains Friday in the U.S., where AI stocks got some relief from their sell-off earlier in the week on worries that Democratic victories in the midterm elections could slow construction of AI data centers, particularly in Texas. Voters across political parties say they are wary about AI and don’t like increases to power bills caused by data centers.

The rest of the U.S.…