Thanks, Ben. I admit I mostly think tracing is just a mind-expanding concept to learn about, even if history has proven it’s not very practical as an organizing principle. But as you say, I’d love to offer more context on “what actually seems to work” industrially.
Yeah, it is conceptually interesting. I like giving students perspective and in 770 (https://www.cs.cmu.edu/~wasm/cs17-770/fall2025/) I might spend half or less of a lecture on tracing and I don't pull punches on how I think it ends up not really working well in real systems. It's a good opportunity to talk about program behavior and the cost/benefit of speculation.
We spend a lot more time on type feedback, ICs, and deoptimization which are the more universal concepts that can be applied to multiple different compiler designs.