Early observations with the James Webb Space Telescope (JWST) have revealed the existence
of an unexpectedly large abundance of extremely massive galaxies at redshifts z ≳ 5: these
are in tension with the predictions not only of the standard ΛCDM cosmology, but also with
those of a wide class of dynamical dark energy (DE) models, and are generally in better agreement
with models characterized by a phantom behaviour. Here we consider a model, inspired by string
theory and the ubiquity of anti-de Sitter vacua therein, featuring an evolving DE component with
positive energy density on top of a negative cosmological constant, argued in an earlier
exploratory analysis to potentially be able to explain the JWST observations. We perform a robust
comparison of this model against JWST data, considering both photometric observations from the
CEERS program, and spectroscopic observations from the FRESCO survey. We show that the model is
able to accommodate the JWST observations, with a consistency probability of up to 98%, even in
the presence of an evolving component with a quintessence-like behaviour (easier to accommodate
theoretically compared to phantom DE), while remaining consistent with standard low-redshift
probes. Our results showcase the potential of measurements of high-redshift galaxy abundances in
tests of fundamental physics, and their complementarity with standard cosmological probes.