In a medium bowl, whisk together cilantro, salt, pepper, cayenne and 1 tablespoon of the olive oil. Cut peeled and deveined shrimp into bite-size chunks (~3/4-inch) and add to bowl; toss well to coat.
Heat remaining tablespoon of olive oil in a skillet over medium-high heat until hot. Add shrimp; cook and stir until just cooked through, 3 to 4 minutes. Transfer shrimp to clean plate and set aside.
Arrange tortilla chips on a quarter-sized baking sheet in a single, slightly overlapping layer. Bake for until crisped and aromatic, about 3 minutes.
Top hot chips in even layers in this sequence: half of the cheese, followed by the shrimp, and then with remaining cheese. Return to oven for an another 5 to 7 minutes until the cheese melts.
Enjoy while hot, garnished with jalapeño slices, lime wedges and more cilantro if desired. Serve pico de gallo, guacamole, and sour cream on the side.
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Notes
Keep in mind that the time needed for prep doesn't account for making Pico de Gallo,Fire Roasted Salsa or guacamole from scratch, but it's worth the effort if you have time!
It's also worth it to grate your own cheese. Avoid pre-shredded options that have potato starch or cellulose, as these won't melt as nicely.
The quantity of shredded cheese is entirely up to your preference. I've seen recipes that call for much less cheese than what I recommend, as well as some that require double. Don't hesitate to adjust the amount to your taste!