No. A jump instruction causes the processor to fetch whatever bit pattern is stored in memory at the new address. This might not be part of the program.
Here is another schematic program. The instructions are just sketched in as place holders. Don't pay much attention to them, but look at the jump instruction and its target.
|PC just after this |
instruction has executed
(at the bottom of the cycle)
The target of the jump instruction is the address
Fill in the blanks.