diff --git a/packages/next/cache.d.ts b/packages/next/cache.d.ts
index 998b438f51fb3..2f0e6fd1f1810 100644
--- a/packages/next/cache.d.ts
+++ b/packages/next/cache.d.ts
@@ -1,3 +1,4 @@
 export { unstable_cache } from 'next/dist/server/web/spec-extension/unstable-cache'
 export { revalidatePath } from 'next/dist/server/web/spec-extension/revalidate-path'
 export { revalidateTag } from 'next/dist/server/web/spec-extension/revalidate-tag'
+export { unstable_noStore } from 'next/dist/server/web/spec-extension/unstable-no-store'
diff --git a/packages/next/cache.js b/packages/next/cache.js
index 0c0c589b2b748..96f73f3f8c947 100644
--- a/packages/next/cache.js
+++ b/packages/next/cache.js
@@ -5,6 +5,9 @@ const cacheExports = {
     .revalidateTag,
   revalidatePath: require('next/dist/server/web/spec-extension/revalidate-path')
     .revalidatePath,
+  unstable_noStore:
+    require('next/dist/server/web/spec-extension/unstable-no-store')
+      .unstable_noStore,
 }
 
 // https://nodejs.org/api/esm.html#commonjs-namespaces
@@ -15,3 +18,4 @@ module.exports = cacheExports
 exports.unstable_cache = cacheExports.unstable_cache
 exports.revalidatePath = cacheExports.revalidatePath
 exports.revalidateTag = cacheExports.revalidateTag
+exports.unstable_noStore = cacheExports.unstable_noStore
diff --git a/packages/next/src/client/components/static-generation-async-storage.external.ts b/packages/next/src/client/components/static-generation-async-storage.external.ts
index 5caec74a52ff2..89aca3a0e6687 100644
--- a/packages/next/src/client/components/static-generation-async-storage.external.ts
+++ b/packages/next/src/client/components/static-generation-async-storage.external.ts
@@ -12,6 +12,7 @@ export interface StaticGenerationStore {
   readonly isOnDemandRevalidate?: boolean
   readonly isPrerendering?: boolean
   readonly isRevalidate?: boolean
+  readonly isUnstableCacheCallback?: boolean
 
   forceDynamic?: boolean
   fetchCache?:
diff --git a/packages/next/src/server/web/exports/unstable-no-store.ts b/packages/next/src/server/web/exports/unstable-no-store.ts
new file mode 100644
index 0000000000000..14f55fa722c26
--- /dev/null
+++ b/packages/next/src/server/web/exports/unstable-no-store.ts
@@ -0,0 +1,2 @@
+// This file is for modularized imports for next/server to get fully-treeshaking.
+export { unstable_noStore as default } from '../spec-extension/unstable-no-store'
diff --git a/packages/next/src/server/web/spec-extension/unstable-cache.ts b/packages/next/src/server/web/spec-extension/unstable-cache.ts
index 27d2e5c8f6dcb..d7d70788ea7bf 100644
--- a/packages/next/src/server/web/spec-extension/unstable-cache.ts
+++ b/packages/next/src/server/web/spec-extension/unstable-cache.ts
@@ -54,6 +54,7 @@ export function unstable_cache<T extends Callback>(
         fetchCache: 'only-no-store',
         urlPathname: store?.urlPathname || '/',
         isStaticGeneration: !!store?.isStaticGeneration,
+        isUnstableCacheCallback: true,
       },
       async () => {
         const tags = validateTags(
diff --git a/packages/next/src/server/web/spec-extension/unstable-no-store.ts b/packages/next/src/server/web/spec-extension/unstable-no-store.ts
new file mode 100644
index 0000000000000..c7271aa9ed507
--- /dev/null
+++ b/packages/next/src/server/web/spec-extension/unstable-no-store.ts
@@ -0,0 +1,16 @@
+import { staticGenerationAsyncStorage } from '../../../client/components/static-generation-async-storage.external'
+import { staticGenerationBailout } from '../../../client/components/static-generation-bailout'
+
+export function unstable_noStore() {
+  const staticGenerationStore = staticGenerationAsyncStorage.getStore()
+
+  if (staticGenerationStore?.isUnstableCacheCallback) {
+    // if called within a next/cache call, we want to cache the result
+    // and defer to the next/cache call to handle how to cache the result.
+    return
+  }
+
+  staticGenerationBailout('unstable_noStore', {
+    link: 'https://nextjs.org/docs/app/building-your-application/rendering/static-and-dynamic#dynamic-rendering',
+  })
+}
diff --git a/test/e2e/app-dir/app-static/app-static.test.ts b/test/e2e/app-dir/app-static/app-static.test.ts
index ede749c02a3d9..e8ec57358d386 100644
--- a/test/e2e/app-dir/app-static/app-static.test.ts
+++ b/test/e2e/app-dir/app-static/app-static.test.ts
@@ -710,6 +710,12 @@ createNextDescribe(
             'articles/[slug]/page_client-reference-manifest.js',
             'articles/works.html',
             'articles/works.rsc',
+            'no-store/dynamic/page.js',
+            'no-store/dynamic/page_client-reference-manifest.js',
+            'no-store/static.html',
+            'no-store/static.rsc',
+            'no-store/static/page.js',
+            'no-store/static/page_client-reference-manifest.js',
           ].sort()
         )
       })
@@ -1018,6 +1024,22 @@ createNextDescribe(
               "initialRevalidateSeconds": false,
               "srcRoute": "/hooks/use-search-params/with-suspense",
             },
+            "/no-store/static": Object {
+              "dataRoute": "/no-store/static.rsc",
+              "experimentalBypassFor": Array [
+                Object {
+                  "key": "Next-Action",
+                  "type": "header",
+                },
+                Object {
+                  "key": "content-type",
+                  "type": "header",
+                  "value": "multipart/form-data",
+                },
+              ],
+              "initialRevalidateSeconds": false,
+              "srcRoute": "/no-store/static",
+            },
             "/partial-gen-params-no-additional-lang/en/RAND": Object {
               "dataRoute": "/partial-gen-params-no-additional-lang/en/RAND.rsc",
               "experimentalBypassFor": Array [
@@ -2921,6 +2943,30 @@ createNextDescribe(
       })
     })
 
+    describe('unstable_noStore', () => {
+      it('should opt-out of static optimization', async () => {
+        const res = await next.fetch('/no-store/dynamic')
+        const html = await res.text()
+        const data = cheerio.load(html)('#uncached-data').text()
+        const res2 = await next.fetch('/no-store/dynamic')
+        const html2 = await res2.text()
+        const data2 = cheerio.load(html2)('#uncached-data').text()
+
+        expect(data).not.toEqual(data2)
+      })
+
+      it('should not opt-out of static optimization when used in next/cache', async () => {
+        const res = await next.fetch('/no-store/static')
+        const html = await res.text()
+        const data = cheerio.load(html)('#data').text()
+        const res2 = await next.fetch('/no-store/static')
+        const html2 = await res2.text()
+        const data2 = cheerio.load(html2)('#data').text()
+
+        expect(data).toEqual(data2)
+      })
+    })
+
     it('should keep querystring on static page', async () => {
       const browser = await next.browser('/blog/tim?message=hello-world')
       const checkUrl = async () =>
diff --git a/test/e2e/app-dir/app-static/app/no-store/dynamic/page.tsx b/test/e2e/app-dir/app-static/app/no-store/dynamic/page.tsx
new file mode 100644
index 0000000000000..ca34fd2c890cd
--- /dev/null
+++ b/test/e2e/app-dir/app-static/app/no-store/dynamic/page.tsx
@@ -0,0 +1,12 @@
+import { getUncachedRandomData } from '../no-store-fn'
+
+export default async function Page() {
+  const uncachedData = await getUncachedRandomData()
+
+  return (
+    <div>
+      <p>random: {Math.random()}</p>
+      <p id="uncached-data">uncachedData: {uncachedData.random}</p>
+    </div>
+  )
+}
diff --git a/test/e2e/app-dir/app-static/app/no-store/no-store-fn.ts b/test/e2e/app-dir/app-static/app/no-store/no-store-fn.ts
new file mode 100644
index 0000000000000..14898825017f5
--- /dev/null
+++ b/test/e2e/app-dir/app-static/app/no-store/no-store-fn.ts
@@ -0,0 +1,8 @@
+import { unstable_noStore } from 'next/cache'
+
+export function getUncachedRandomData() {
+  unstable_noStore()
+  return {
+    random: Math.random(),
+  }
+}
diff --git a/test/e2e/app-dir/app-static/app/no-store/revalidate-button.tsx b/test/e2e/app-dir/app-static/app/no-store/revalidate-button.tsx
new file mode 100644
index 0000000000000..89ff47a7d365e
--- /dev/null
+++ b/test/e2e/app-dir/app-static/app/no-store/revalidate-button.tsx
@@ -0,0 +1,9 @@
+'use client'
+
+export function RevalidateButton({ onClick }) {
+  return (
+    <form action={onClick}>
+      <button type="submit">revalidate</button>
+    </form>
+  )
+}
diff --git a/test/e2e/app-dir/app-static/app/no-store/static/page.tsx b/test/e2e/app-dir/app-static/app/no-store/static/page.tsx
new file mode 100644
index 0000000000000..284b1e9c36ad6
--- /dev/null
+++ b/test/e2e/app-dir/app-static/app/no-store/static/page.tsx
@@ -0,0 +1,28 @@
+import { revalidateTag, unstable_cache } from 'next/cache'
+import { getUncachedRandomData } from '../no-store-fn'
+import { RevalidateButton } from '../revalidate-button'
+
+export default async function Page() {
+  async function revalidate() {
+    'use server'
+    await revalidateTag('no-store-fn')
+  }
+
+  const cachedData = await unstable_cache(
+    async () => {
+      return getUncachedRandomData()
+    },
+    ['random'],
+    {
+      tags: ['no-store-fn'],
+    }
+  )()
+
+  return (
+    <div>
+      <p>random: {Math.random()}</p>
+      <p id="data">cachedData: {cachedData.random}</p>
+      <RevalidateButton onClick={revalidate} />
+    </div>
+  )
+}
diff --git a/test/e2e/app-dir/app-static/next.config.js b/test/e2e/app-dir/app-static/next.config.js
index 1091d8c819406..e473392c23ce5 100644
--- a/test/e2e/app-dir/app-static/next.config.js
+++ b/test/e2e/app-dir/app-static/next.config.js
@@ -4,6 +4,7 @@ module.exports = {
     logging: {
       level: 'verbose',
     },
+    serverActions: true,
     incrementalCacheHandlerPath: process.env.CUSTOM_CACHE_HANDLER,
   },