You want to test a web page that loads data dynamically after 3 seconds. Which async script approach correctly waits for the data load before continuing?

You want to test a web page that loads data dynamically after 3 seconds. Which async script approach correctly waits for the data load before continuing?

driver.executeAsyncScript(
  "var callback = arguments[0];
   var checkData = () => {
     if(document.querySelector('#data').innerText !== '') {
       callback('loaded');
     } else {
       setTimeout(checkData, 500);
     }
   };
   checkData();
");