yes and no. Most instructions have 3-20 cycle latency. A lot of what CPU do on many programs is wait for an instruction to complete so they can use its result

yes and no. Most instructions have 3-20 cycle latency. A lot of what CPU do on many programs is wait for an instruction to complete so they can use its result to chase some pointer - and in the mean time, find an instruction that doesn't depend on it to execute. So many "simple" moves and register renames are practically free, as they happen in these waiting-for-result slots. HPC code is most definitely not like that - but it's only found in specialized parts of software (game rendering paths, maths stuff, some NumPy code, etc). But most code spends most of its time with the CPU waiting.