Heat olive oil in a large skillet over medium heat.
Add shrimp, season with paprika, salt, and pepper, and cook for 1-2 minutes per side until pink. Remove and set aside.
In the same skillet, melt butter and sauté garlic for 30 seconds until fragrant.
Pour in chicken broth and heavy cream, stirring to combine.
Add Parmesan cheese and simmer for 3-4 minutes until the sauce thickens.
Return shrimp to the skillet, toss to coat in the sauce, and cook for 1-2 more minutes.
Garnish with parsley and serve immediately over pasta or rice.