Remove the steak from the refrigerator and let it sit at room temperature for 30 minutes.
Preheat the air fryer to 400°F (200°C).
Pat the steak dry with paper towels to remove excess moisture.
Rub the steak with olive oil, covering all surfaces.
Season the steak generously with garlic powder, onion powder, smoked paprika, salt, and pepper.
Place the steak in the air fryer basket, ensuring it's not overcrowded.
Cook for 10-12 minutes for medium-rare, flipping halfway through.
Use a meat thermometer to check for an internal temperature of 130°F (54°C) for medium-rare.
Once cooked, remove the steak from the air fryer and let it rest for 5 minutes.
Slice against the grain, garnish with fresh herbs, and serve.