It increments rip by one.
I thought I remembered reading somewhere re: the 8086 microcode disassembly that NOP, which is encoded as XCHG AX,AX actually does run the XCHG microcode and uses an internal scratchpad register to do the exchange.
No, that's done by the decoder. It actually does nothing.
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I thought I remembered reading somewhere re: the 8086 microcode disassembly that NOP, which is encoded as XCHG AX,AX actually does run the XCHG microcode and uses an internal scratchpad register to do the exchange.