Measure chocolate chips into a microwave-safe bowl. Microwave for 1 minute; stir chocolate well. Microwave for another 30 seconds; stir until chocolate is smooth. (If necessary, microwave in additional 15-second increments, stirring between each one, until chocolate is completely melted and smooth.) Set aside and allow to cool.
Pour heavy cream into a large bowl. Use an electric mixer to whip the cream until soft peaks form. Set aside.
In another large bowl, use an electric mixer to beat cream cheese and powdered sugar until smooth. Blend in vanilla and melted chocolate. Beat at high speed until light and fluffy.
Gently but thoroughly fold in whipped cream until no streaks remain. Cover and chill until ready to serve with fresh fruit, such as strawberries, apple slices, pineapple chunks, melon spears, etc.