An analytical article suggests that, in the current AI cycle, from the risk-adjusted perspective of renowned investor Raymond Dalio, NVIDIA at a price of $218.99 is a better buy than its two main competitors, Micron and Broadcom. The article argues that NVIDIA, with a forward P/E of 23 and a PEG of 0.55, is more attractive in terms of growth than Broadcom (P/E of 69). Analysts generally favor NVIDIA, with 58 out of 61 analysts giving it a buy or strong buy rating, and a consensus target price of $303, implying approximately 38% upside potential. Although Micron has a lower valuation (forward P/E of 5, PEG of 0.12), the cyclical nature of its memory business and its 711% gain over the past year warrant caution. While Broadcom is a credible alternative, its P/E ratio is as high as 69.