Preheat oven to 350 degrees. Grease or spray a bundt pan.
Beat together first six ingredients with a mixer on medium speed for about 2 minutes.
Stir in chocolate chips and spoon into the greased bundt pan.
Bake 45-50 minutes until done (the top should spring back when pressed). Remove from oven and cool for 20 minutes.
Turn pan over to release cake from the pan and let completely cool. Cake may be wrapped and chilled for up to a couple days prior to frosting.
Chocolate Ganache
In a small sauce pan, heat the cream over medium heat just until it begins to boil and take off burner.
Add chocolate pieces to the cream and whisk until smooth.
Let the mixture slightly cool and drizzle over the cake.
Cream Cheese & Butter Frosting
Beat cream cheese, butter and vanilla together until creamy.
Slowly mix in powdered sugar until all is well mixed.
Take a quart-size plastic bag and snip off a bottom corner to form about a 1/2-inch hole. Spoon frosting into the plastic bag and squeeze strips of frosting down the cake about every 1 to 1 1/2 inches apart.
Optional: If using mini chocolate chips, you may sprinkle remaining chocolate chips on top of frosting.