Add the chicken broth and salsa to the Instant Pot and stir to combine.
Drizzle the chicken breasts with olive oil and sprinkle with taco seasoning.
Place the chicken breasts in the Instant Pot.
Add the diced jalapeno and/ chipotle pepper on top of the chicken, if using.
Place the lid on the Instant Pot and turn the value to the sealed position.
Set to Manual cooking for 12 minutes.
Once the timer goes off, allow the pressure to naturally release for 10 minutes. Then, carefully turn the valve to release the remaining pressure.
Using two forks, shred the chicken in the juices.
Use in tacos, in bowls, burritos, salad or on nachos