'Data is the new oil': Investor picks one stock to play the trend
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Artificial intelligence is all the rage right now. And according to tech investor Mark Hawtin, there's a smart way to jump on the trend: playing the data theme. AI has taken Wall Street by storm since since ChatGPT was launched and went viral — causing a surge in interest among investors in what stocks could benefit from the trend. Stocks such as tech giant Microsoft, which backed ChatGPT, Alphabet — which developed a chatbot — as well as semiconductor firms like Nvidia have come up as obvious plays on AI. ChatGPT was created by San Francisco-based OpenAI , a private company backed by Microsoft . It can answer questions, write essays and more. But Hawtin, investment director at Zurich-based GAM Investments, has identified data as another way to get into the game. "If we make the assumption that data is the new oil from a corporate perspective, it's what is absolutely required, it's the edge in business — then that data has to be stored," he told CNBC P