diff --git a/src/coreclr/jit/compiler.h b/src/coreclr/jit/compiler.h
index 9090f19a761d3..16fcd7a02a687 100644
--- a/src/coreclr/jit/compiler.h
+++ b/src/coreclr/jit/compiler.h
@@ -3747,7 +3747,7 @@ class Compiler
 
     //-------------------------------------------------------------------------
 
-    GenTree* gtFoldExpr(GenTree* tree);
+    GenTree* gtFoldExpr(GenTree* tree, bool* folded = nullptr);
     GenTree* gtFoldExprConst(GenTree* tree);
     GenTree* gtFoldIndirConst(GenTreeIndir* indir);
     GenTree* gtFoldExprSpecial(GenTree* tree);
diff --git a/src/coreclr/jit/gentree.cpp b/src/coreclr/jit/gentree.cpp
index ae55c80b13cf7..80ce88eb7c494 100644
--- a/src/coreclr/jit/gentree.cpp
+++ b/src/coreclr/jit/gentree.cpp
@@ -13572,10 +13572,13 @@ void Compiler::gtDispLIRNode(GenTree* node, const char* prefixMsg /* = nullptr *
  *  and call the methods to perform the folding
  */
 
-GenTree* Compiler::gtFoldExpr(GenTree* tree)
+GenTree* Compiler::gtFoldExpr(GenTree* tree, bool* folded)
 {
     unsigned kind = tree->OperKind();
 
+    if (folded != nullptr)
+        *folded = false;
+
     /* We must have a simple operation to fold */
 
     // If we're in CSE, it's not safe to perform tree
@@ -13595,13 +13598,19 @@ GenTree* Compiler::gtFoldExpr(GenTree* tree)
     {
         if (tree->OperIsConditional())
         {
-            return gtFoldExprConditional(tree);
+            GenTree* newTree = gtFoldExprConditional(tree);
+            if (folded != nullptr)
+                *folded = newTree != tree;
+            return newTree;
         }
 
 #if defined(FEATURE_HW_INTRINSICS)
         if (tree->OperIsHWIntrinsic())
         {
-            return gtFoldExprHWIntrinsic(tree->AsHWIntrinsic());
+            GenTree* newTree = gtFoldExprHWIntrinsic(tree->AsHWIntrinsic());
+            if (folded != nullptr)
+                *folded = newTree != tree;
+            return newTree;
         }
 #endif // FEATURE_HW_INTRINSICS
 
@@ -13629,6 +13638,7 @@ GenTree* Compiler::gtFoldExpr(GenTree* tree)
     {
         if (op1->OperIsConst())
         {
+            // constants folding results in a new tree that may be folded again, don't mark it as folded
             return gtFoldExprConst(tree);
         }
     }
@@ -13640,7 +13650,8 @@ GenTree* Compiler::gtFoldExpr(GenTree* tree)
         // one of their arguments is an address.
         if (op1->OperIsConst() && op2->OperIsConst() && !tree->OperIsAtomicOp())
         {
-            /* both nodes are constants - fold the expression */
+            // both nodes are constants - fold the expression
+            // constants folding results in a new tree that may be folded again, don't mark it as folded
             return gtFoldExprConst(tree);
         }
         else if (op1->OperIsConst() || op2->OperIsConst())
@@ -13655,13 +13666,19 @@ GenTree* Compiler::gtFoldExpr(GenTree* tree)
                 return tree;
             }
 
-            return gtFoldExprSpecial(tree);
+            GenTree* newTree = gtFoldExprSpecial(tree);
+            if (folded != nullptr)
+                *folded = newTree != tree;
+            return newTree;
         }
         else if (tree->OperIsCompare())
         {
             /* comparisons of two local variables can sometimes be folded */
 
-            return gtFoldExprCompare(tree);
+            GenTree* newTree = gtFoldExprCompare(tree);
+            if (folded != nullptr)
+                *folded = newTree != tree;
+            return newTree;
         }
     }
 
diff --git a/src/coreclr/jit/morph.cpp b/src/coreclr/jit/morph.cpp
index c0b7a6417b298..b0ac4a65d8136 100644
--- a/src/coreclr/jit/morph.cpp
+++ b/src/coreclr/jit/morph.cpp
@@ -8305,10 +8305,17 @@ GenTree* Compiler::fgMorphSmpOp(GenTree* tree, MorphAddrContext* mac, bool* optA
     }
 
     // Try to fold it, maybe we get lucky,
-    tree = gtFoldExpr(tree);
+    bool folded;
+    tree = gtFoldExpr(tree, &folded);
 
     if (oldTree != tree)
     {
+        if (folded)
+        {
+            INDEBUG(tree->gtDebugFlags |= GTF_DEBUG_NODE_MORPHED);
+            return tree;
+        }
+
         /* if gtFoldExpr returned op1 or op2 then we are done */
         if ((tree == op1) || (tree == op2) || (tree == qmarkOp1) || (tree == qmarkOp2))
         {