Earlier quoted context omitted.
Which compilers support __builtin_popcount()? From memory, it's a gcc extension. If the compiler selects a CPU POPCOUNT instruction for it, are you sure it will work on all machines that you want to run it on? The above code is completely source- and binary-portable and reasonably fast -- certainly faster than naively looping through the bits, and within a small constant factor of a CPU POPCOUNT instruction.
Your compiler will know the best way to popcount, that is the point of that builtin. It'll use the best method - sometimes this one. GCC does this, MSVC does this, clang does this, i think even rust has some way to do it (EDIT: it does: count_ones()). On archs which lack POPCNT, it will use this method or another, based on knowing the target. On x86 this approach is OK as is. On arm64, for example, it will be subopti…
64-bit ARM's actually has a very peculiar encoding of immediates to arithmetic instructions. It supports only recurring bit patterns such as used by this algorithm. For example "add x2, x3, #3333333333333333" is encoded as one four-byte instruction.