1.
First - make sure the Hyper-V and Windows Hypervisor Platform is either uninstall or disabled.
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2.
Launch Android Studio, then go to Tools > SDK Manager, click on the 2nd tab named "SDK Tools", then check the box Android Emulator Hypervisor Driver for AMD Processors (installer) and click Apply to install it.
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3.
Once installed, navigate to sdk\extras\google\Android_Emulator_Hypervisor_Driver and run silent_install.bat as Administrator. Note: the Android SDK Location path can be seen in the above image in step #2.
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4.
Create your Virtual Device as described in this post.
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