diff --git a/llvm/lib/Transforms/InstCombine/InstCombineShifts.cpp b/llvm/lib/Transforms/InstCombine/InstCombineShifts.cpp
index 7ef95800975db..90cd279e8a457 100644
--- a/llvm/lib/Transforms/InstCombine/InstCombineShifts.cpp
+++ b/llvm/lib/Transforms/InstCombine/InstCombineShifts.cpp
@@ -1613,6 +1613,22 @@ Instruction *InstCombinerImpl::visitLShr(BinaryOperator &I) {
   if (Instruction *Overflow = foldLShrOverflowBit(I))
     return Overflow;
 
+  // Transform ((pow2 << x) >> cttz(pow2 << y)) -> ((1 << x) >> y)
+  Value *Shl0_Op0, *Shl0_Op1, *Shl1_Op1;
+  BinaryOperator *Shl1;
+  if (match(Op0, m_Shl(m_Value(Shl0_Op0), m_Value(Shl0_Op1))) &&
+      match(Op1, m_Intrinsic<Intrinsic::cttz>(m_BinOp(Shl1))) &&
+      match(Shl1, m_Shl(m_Specific(Shl0_Op0), m_Value(Shl1_Op1))) &&
+      isKnownToBeAPowerOfTwo(Shl0_Op0, /*OrZero=*/true, 0, &I)) {
+    auto *Shl0 = cast<BinaryOperator>(Op0);
+    bool HasNUW = Shl0->hasNoUnsignedWrap() && Shl1->hasNoUnsignedWrap();
+    bool HasNSW = Shl0->hasNoSignedWrap() && Shl1->hasNoSignedWrap();
+    if (HasNUW || HasNSW) {
+      Value *NewShl = Builder.CreateShl(ConstantInt::get(Shl1->getType(), 1),
+                                        Shl0_Op1, "", HasNUW, HasNSW);
+      return BinaryOperator::CreateLShr(NewShl, Shl1_Op1);
+    }
+  }
   return nullptr;
 }
 
diff --git a/llvm/test/Transforms/InstCombine/shift-cttz-ctlz.ll b/llvm/test/Transforms/InstCombine/shift-cttz-ctlz.ll
index 63caec9501325..e82e33e9d7f04 100644
--- a/llvm/test/Transforms/InstCombine/shift-cttz-ctlz.ll
+++ b/llvm/test/Transforms/InstCombine/shift-cttz-ctlz.ll
@@ -103,4 +103,34 @@ entry:
   ret i32 %res
 }
 
+define i64 @fold_cttz_64() vscale_range(1,16) {
+; CHECK-LABEL: define i64 @fold_cttz_64(
+; CHECK-SAME: ) #[[ATTR0:[0-9]+]] {
+; CHECK-NEXT:  entry:
+; CHECK-NEXT:    ret i64 4
+;
+entry:
+  %vscale = tail call i64 @llvm.vscale.i64()
+  %shl0 = shl nuw nsw i64 %vscale, 4
+  %shl1 = shl nuw nsw i64 %vscale, 2
+  %cttz = tail call range(i64 2, 65) i64 @llvm.cttz.i64(i64 %shl1, i1 true)
+  %div1 = lshr i64 %shl0, %cttz
+  ret i64 %div1
+}
+
+define i32 @fold_cttz_32() vscale_range(1,16) {
+; CHECK-LABEL: define i32 @fold_cttz_32(
+; CHECK-SAME: ) #[[ATTR0]] {
+; CHECK-NEXT:  entry:
+; CHECK-NEXT:    ret i32 4
+;
+entry:
+  %vscale = tail call i32 @llvm.vscale.i32()
+  %shl0 = shl nuw nsw i32 %vscale, 4
+  %shl1 = shl nuw nsw i32 %vscale, 2
+  %cttz = tail call range(i32 2, 65) i32 @llvm.cttz.i32(i32 %shl1, i1 true)
+  %div1 = lshr i32 %shl0, %cttz
+  ret i32 %div1
+}
+
 declare void @use(i32)