1) Open SDK Manager and Download Intel x86 Emulator Accelerator (HAXM installer) if you haven't. 2) Now go to your SDK directory (C:\users\username\AppData\Local\Android\sdk, generally). In this directory Go to extra > intel > Hardware_Accelerated_Execution_Manager and run the file named "intelhaxm-android.exe". In case you get an error like "Intel virtualization technology (vt,vt-x) is not enabled". Go to your BIOS settings and enable Hardware Virtualization. 3) Restart Android Studio and then try to start the AVD again.
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