First of all update your graphic card with the latest driver. (Graphic Card Model can be checked through your Device Manager)
Type in your explorer the following path, where <pc_name> need to be replaced with your individual name:
C:\Users<pc_name>.android
In the above mentioned directory we will put a .ini file that I prepared and is ready to download here. This file will disable your Vulkan driver and enable your GLDirect driver that your AVDs don't lag anymore. (watch image below)
Start your AVD and you will be able to use it without any troubles.