Add chicken broth, onion, garlic, diced tomatoes, black beans, corn, chili powder, cumin, smoked paprika, and cayenne pepper to the Instant Pot.
Add chicken thighs to the Instant Pot.
Seal the Instant Pot and cook on high pressure for 15 minutes.
Allow the pressure to release naturally for 10 minutes, then manually release any remaining pressure.
Remove chicken from the Instant Pot and shred with two forks or a hand mixer.
Return shredded chicken to the Instant Pot.
Stir in heavy cream and season with salt and pepper to taste.
Serve and top with your favorite toppings (tortilla strips, avocado, cheese, sour cream, etc.).