Sear the chicken:Set your Instant Pot to Sauté mode. Add olive oil. Season chicken breasts with salt, pepper, chili powder, paprika, and cumin. Sear for 3 minutes per side (no need to cook through). Remove and set aside.
Sauté the veggies:Add onion, garlic, jalapeño, bell pepper, and chipotle adobos. Cook for 4–5 minutes, stirring often, until fragrant and softened.
Add everything in:Add fire-roasted tomatoes, Rotel, black beans, corn, bone broth, lime juice, and remaining seasonings. Stir, then nestle chicken back in.
Pressure cook:Seal lid and cook on High Pressure for 15 minutes. Allow a natural release for 10 minutes, then quick release any remaining pressure.
Shred + make it creamy:Remove the chicken, shred with two forks, and return to the pot. Stir in cream cheese until fully melted and creamy.
Serve:Ladle into bowls and top with crushed tortilla strips, shredded cheese, avocado, cilantro, or extra lime juice.