From here, the Instant Pot magic begins. Instead of having to stand over the pot for 20 minutes, stirring frequently and adding liquid in multiple parts, add the stock all at once. Give it a quick stir, close the lid, and turn the steam valve to Sealing. Change the setting to Pressure Cooker and set the timer for four minutes; once the timer goes off, release the steam using the Quick Release method. Mix in Parmesan cheese, salt, and pepper. Even though the Instant Pot does have a rice cooker setting, the pressure cooker is actually the best setting for cooking risotto. The pressure creates an intense amount of steam, which helps release the starch from the Arborio rice, creating irresistibly velvety risotto.