Read the Bubble Manual. It’s now all there
Short answer is, it depends. Client side actions will run in sequence, sever side actions will run as soon as it has all the data it requires to run ie a Result of Step X condition can force the action to run after Step X has completed.
In the back end the same thing applies. Actions run as soon as it has its required data.
The exception are custom workflows. Custom workflows are like client side actions, they run in sequence but the same principles as mentioned above apply within the Custom WFs themselves.
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