Benefits
Loop-invariant code which has been hoisted out of a loop is executed less often, providing a speedup. Another effect of this transformation is allowing constants to be stored in registers and not having to calculate the address and access the memory (or cache line) at each iteration.
However, if too many variables are created, there will be high register pressure, especially on processors with few registers, like the 32-bit x86. If the compiler runs out of registers, some variables will be spilled. To counteract this, the inverse optimization can be performed, rematerialization.
Read more about this topic: Loop-invariant Code Motion
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