Android Studio device list stuck on loading

I'm trying to add a virtual phone to the device list, however, the device list is stuck on loading.

I use the default nexus 5 device on AVD:

I am on Windows 10 and trying to set up Flutter.

If you have stored your Flutter SDK in Local Disk C, then move it to another (Non-Admin Location) disk and then try using Android studio

Alternatively: Simply run your Android Studio as Administrator and it will work fine (Although running flutter with Admin privileges is not recommended nor required either)! I spent 3 hrs looking for a solution and suddenly realized this option and it worked for me