Cook pasta according to package directions until al dente. Drain and set aside.
In a large skillet, heat olive oil over medium heat. Add ground beef and cook until browned, breaking it apart as it cooks.
Drain excess grease and return beef to the skillet.
Stir in Rotel tomatoes, garlic powder, onion powder, salt, and pepper. Cook for 2-3 minutes.
Add cream cheese and heavy cream, stirring until smooth and fully incorporated.
Mix in shredded cheddar cheese and let it melt into the sauce.
Toss in the cooked pasta and stir until well combined.
Garnish with fresh parsley and serve hot.