Can the 9700 PS execute all branches and choose?

Just wondering if the 9700 would be limited to just conditionals and unrolling loops, or if it could just execute all the branches (multi-thread I believe) and then choose the most efficient. Only for the sake of curiosity, I am no developer, just a hardware junky. I know we're splitting hairs on 1 million haired gorillas, but it's a hobby.
 
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