Preheat oven to 350°F (175°C). Grease and flour a bundt pan.
In a bowl, whisk flour, baking powder, baking soda, and salt.
In a separate bowl, cream butter and sugars until light and fluffy.
Add eggs one at a time, then mix in vanilla.
Alternate adding dry ingredients and sour cream, mixing until just combined.
Fold in chocolate chips and pour batter into prepared pan.
Bake 50–55 minutes or until a toothpick comes out clean.
Cool in the pan 15 minutes, then transfer to a wire rack.
Dust with powdered sugar or glaze as desired.
Slice and enjoy!