>>811522 (OP)
To the extent that a university will teach you, yes. Anything more: probably not. It is a very important skill to be able to read assembly and make some sense of it. Unless you get into compilers, JIT interpreters, or virtual machines, you probably will never have to write it.
The most anal thing I have seen with assembly is a manager blow $3K having an intern track down why a simulation was different across two architectures (and OSes). For two input values both very close to zero, atan2 gave radically different results between Windows on Intel and Linux on AMD. The intern was walking through the assembly at one point, because all of the senior developers said it wasn't worth their time. I don't think that the manager was completely satisfied, either.
>>811603
But even RISC processors execute multiple instructions at once, look ahead to determine what instructions can be executed now (do to a lack of data dependencies) instead of in order, predict branches, use multi-level caching, and other magic to make the processor faster by doing more at once.
The computer architecture class in uni made me realize that there was no way to count cycles. The processor does what it wants, when it wants, and every hack you learn to make the assembly faster is invalidated each new processor generation.