Three cheap AI stocks to consider before the end of the year are Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG), Meta Platforms (NASDAQ: META), and Pinterest (NYSE: PINS). Faced with mounting economic uncertainty and the fast pace of interest rate hikes by the U.S. Federal Reserve to tamp down rising inflation, tech stocks had a year of reckoning in 2022. While all the tech giants spent heavily on data center equipment and high-performance computing chips in the last year, Meta went a bit wild on this front.