Intel HAXM is required to run this AVD. Your CPU does not support VT-x.
Unfortunately, your computer does not support hardware accelerated virtualization.
Here are some of your options:
1) Use a physical device for testing
2) Develop on a Windows/OSX computer with an Intel processor that supports VT-x and NX
3) Develop on a Linux computer that supports VT-x or SVM
4) Use an Android Virtual Device based on an ARM system image
(This is 10x slower than hardware accelerated virtualization)
Android Studio 2.1.2 x86