Preheat the oven to 400°F (200°C).

In a mixing bowl, combine the cream cheese, shredded cheddar cheese, garlic powder, onion powder, smoked paprika, salt, and black pepper. Mix until well combined.

Using a spoon, fill each jalapeno half with the cheese mixture.

Wrap each stuffed jalapeno with a half slice of bacon, securing with a toothpick if necessary.

Place the wrapped jalapenos on a baking sheet lined with parchment paper.

Bake in the preheated oven for 20-25 minutes or until the bacon is crispy and the jalapenos are tender.

Remove from the oven and let cool for a few minutes before serving.