HAXM is not installed on this machine

Open SDK Manager and download Intel x86 Emulator Accelerator (HAXM installer) if you haven't.

Now go to your SDK directory (C:\users\username\AppData\Local\Android\sdk,generally). In this directoryhaxm is not installed,go to extras → Intel → Hardware_Accelerated_Execution_Manager and run the file named "intelhaxm-android.exe".

In case you get an error like "Intel virtualization technology (vthaxm is not installed,vt-x) is not enabled", go to your BIOS settings and enable hardware virtualization.

Restart Android Studio and then try to start the AVD again.

It might take a minute or 2 to show the emulator window.

Please this answer for images

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