A prefetching technique referred to as future execution (FE) dynamically creates a prefetching thread for each active thread in a processor by simply sending a copy of all committed, register-writing instructions in a primary thread to an otherwise idle processor. On the way to the second processor, a value predictor replaces each predictable instruction with a load immediate instruction, where the immediate is the predicted result that the instruction is likely to produce during its n.sup.th next dynamic execution. Executing this modified instruction stream (i.e., the prefetching thread) in another processor allows computation of the future results of the instructions that are not directly predictable. This causes the issuance of prefetches into the shared memory hierarchy, thereby reducing the primary thread's memory access time and speeding up the primary thread's execution.