This is a problem related to the drivers in your computer. More exactly, the graphic drivers. To fix this issue, go to Start > Run> regedit and then navigate to the following location: HKEY_LOCAL_MACHINE\SOFTWARE\BlueStacks\Guests\Android\Config
Locate the "SkipGraphicsDriverCheck"=dword:00000001
entry and then make it look like this one. Reboot the PC, and then start the Bluestacks application again and it should work.