I just updated Android Studio to: Android Studio Bumblebee | 2021.1.1 Build #AI-211.7628.21.2111.8092744, built on January 19, 2022
But now I cannot open the device manager anymore.
If I click on the icon, nothing happens.
It seems that on Issue Tracker of Google other people have that issue about device manager after updating to bumblebee. Probably Google have to fix it with an update: https://issuetracker.google.com/issues?q=device%20manager
UPDATE:
I found a workaround: You should press shift 2 times to open search everything and type "Virtual Device Manager". This way you can open it