And even if you try to create a virtual device that's not x86, it still says that HAXM is recommended.
I tried ignoring it and going with the instructions from android.com (which have no mention of HAXM). I get the following errors/info in Android Studio:
emulator: ERROR: x86 emulation currently requires hardware acceleration!
Please ensure Intel HAXM is properly installed and usable.
CPU acceleration status: HAX kernel module is not installed!
So I went back and created a new device in which the ABI is 'armeabi-v7a' (where it says HAXM is recommended - instead of required).... no errors! But that still sucks. Guess you're very limited on virtual devices on a computer that uses an AMD processor.