In mixer bowl whip heavy cream until medium to stiff peaks form

Drizzle in sweetened condensed milk and 1/4 cup peanut butter

Mix on medium to medium low until fully combined

Mix 1/4 cup peanut butter with 1/4 powdered sugar in a small bowl until the sugar is absorbed.(add more powdered sugar if needed a tablespoon at a time depending on the peanut butter, you'll want a dry slightly crumbly result)

Layer half the ice cream in a loaf pan and top with half the peanut butter crumbles and half the chocolate chips, repeat then place the loaf pan in the freezer for 4-6 hours.