Abstract: The present invention allows a microprocessor to identify and speculatively execute future instructions during a stall condition. This allows forward progress to be made through the instruction stream during the stall condition which would otherwise cause the microprocessor or thread of execution to be idle. The execution of such future instructions can initiate a prefetch of data or instructions from a distant cache or main memory, or otherwise make forward progress through the instruction stream. In this manner, when the instructions are re-executed (non speculatively executed) after the stall condition expires, they will execute with a reduced execution latency; e.g. by accessing data prefetched into the L1 cache, or enroute to the processor, or by executing the target instructions following a speculatively resolved mispredicted branch.