In a mixing bowl, combine cream cheese, cheddar cheese, garlic powder, onion powder, Italian seasoning, breadcrumbs, salt, pepper, and bacon.
Remove mushroom stems, rinse, and pat dry.
Fill each mushroom cap with the cheese mixture.
Preheat air fryer to 350°F (175°C).
Line the air fryer basket with parchment paper and place the mushrooms inside.
Brush the tops with olive oil or cooking spray.
Air fry for 12-14 minutes until golden and bubbly.
Garnish with fresh herbs and serve immediately.