diff --git a/Documentation/admin-guide/hw-vuln/spectre.rst b/Documentation/admin-guide/hw-vuln/spectre.rst
index 62c7902c66fd..9edb2860a3e1 100644
--- a/Documentation/admin-guide/hw-vuln/spectre.rst
+++ b/Documentation/admin-guide/hw-vuln/spectre.rst
@@ -439,10 +439,12 @@ The possible values in this file are:
    - System is protected by retpoline
  * - BHI: BHI_DIS_S
    - System is protected by BHI_DIS_S
- * - BHI: SW loop
+ * - BHI: SW loop; KVM SW loop
    - System is protected by software clearing sequence
  * - BHI: Syscall hardening
    - Syscalls are hardened against BHI
+ * - BHI: Syscall hardening; KVM: SW loop
+   - System is protected from userspace attacks by syscall hardening; KVM is protected by software clearing sequence
 
 Full mitigation might require a microcode update from the CPU
 vendor. When the necessary microcode is not available, the kernel will
@@ -669,7 +671,8 @@ kernel command line.
 			unconditionally disable.
 		auto
 			enable if hardware mitigation
-			control(BHI_DIS_S) is available.
+			control(BHI_DIS_S) is available, otherwise
+			enable alternate mitigation in KVM.
 
 For spectre_v2_user see Documentation/admin-guide/kernel-parameters.txt
 
diff --git a/Documentation/admin-guide/kernel-parameters.txt b/Documentation/admin-guide/kernel-parameters.txt
index 6e70c0d43331..61199466c043 100644
--- a/Documentation/admin-guide/kernel-parameters.txt
+++ b/Documentation/admin-guide/kernel-parameters.txt
@@ -5928,8 +5928,9 @@
 
 			on   - unconditionally enable.
 			off  - unconditionally disable.
-			auto - (default) enable only if hardware mitigation
-			       control(BHI_DIS_S) is available.
+			auto - (default) enable hardware mitigation
+			       (BHI_DIS_S) if available, otherwise enable
+			       alternate mitigation in KVM.
 
 	spectre_v2=	[X86] Control mitigation of Spectre variant 2
 			(indirect branch speculation) vulnerability.
diff --git a/arch/x86/include/asm/cpufeatures.h b/arch/x86/include/asm/cpufeatures.h
index e4673b73e9e0..8c1593dd2c31 100644
--- a/arch/x86/include/asm/cpufeatures.h
+++ b/arch/x86/include/asm/cpufeatures.h
@@ -466,6 +466,7 @@
 #define X86_FEATURE_CLEAR_BHB_LOOP	(21*32+ 1) /* "" Clear branch history at syscall entry using SW loop */
 #define X86_FEATURE_BHI_CTRL		(21*32+ 2) /* "" BHI_DIS_S HW control available */
 #define X86_FEATURE_CLEAR_BHB_HW	(21*32+ 3) /* "" BHI_DIS_S HW control enabled */
+#define X86_FEATURE_CLEAR_BHB_LOOP_ON_VMEXIT (21*32+ 4) /* "" Clear branch history at vmexit using SW loop */
 
 /*
  * BUG word(s)
diff --git a/arch/x86/include/asm/nospec-branch.h b/arch/x86/include/asm/nospec-branch.h
index 76a0419956e6..a8781c8763b4 100644
--- a/arch/x86/include/asm/nospec-branch.h
+++ b/arch/x86/include/asm/nospec-branch.h
@@ -339,8 +339,13 @@
 .macro CLEAR_BRANCH_HISTORY
 	ALTERNATIVE "", "call clear_bhb_loop", X86_FEATURE_CLEAR_BHB_LOOP
 .endm
+
+.macro CLEAR_BRANCH_HISTORY_VMEXIT
+	ALTERNATIVE "", "call clear_bhb_loop", X86_FEATURE_CLEAR_BHB_LOOP_ON_VMEXIT
+.endm
 #else
 #define CLEAR_BRANCH_HISTORY
+#define CLEAR_BRANCH_HISTORY_VMEXIT
 #endif
 
 #else /* __ASSEMBLY__ */
diff --git a/arch/x86/kernel/cpu/bugs.c b/arch/x86/kernel/cpu/bugs.c
index 855500318d75..3fc230155627 100644
--- a/arch/x86/kernel/cpu/bugs.c
+++ b/arch/x86/kernel/cpu/bugs.c
@@ -1667,9 +1667,14 @@ static void __init bhi_select_mitigation(void)
 	if (!IS_ENABLED(CONFIG_X86_64))
 		return;
 
+	/* Mitigate KVM by default */
+	setup_force_cpu_cap(X86_FEATURE_CLEAR_BHB_LOOP_ON_VMEXIT);
+	pr_info("Spectre BHI mitigation: SW BHB clearing on vm exit\n");
+
 	if (bhi_mitigation == BHI_MITIGATION_AUTO)
 		return;
 
+	/* Mitigate syscalls when the mitigation is forced =on */
 	setup_force_cpu_cap(X86_FEATURE_CLEAR_BHB_LOOP);
 	pr_info("Spectre BHI mitigation: SW BHB clearing on syscall\n");
 }
@@ -2810,10 +2815,12 @@ static const char * const spectre_bhi_state(void)
 	else if  (boot_cpu_has(X86_FEATURE_CLEAR_BHB_HW))
 		return "; BHI: BHI_DIS_S";
 	else if  (boot_cpu_has(X86_FEATURE_CLEAR_BHB_LOOP))
-		return "; BHI: SW loop";
+		return "; BHI: SW loop, KVM: SW loop";
 	else if (boot_cpu_has(X86_FEATURE_RETPOLINE) &&
 		 !(x86_read_arch_cap_msr() & ARCH_CAP_RRSBA))
 		return "; BHI: Retpoline";
+	else if  (boot_cpu_has(X86_FEATURE_CLEAR_BHB_LOOP_ON_VMEXIT))
+		return "; BHI: Syscall hardening, KVM: SW loop";
 
 	return "; BHI: Vulnerable (Syscall hardening enabled)";
 }
diff --git a/arch/x86/kvm/vmx/vmenter.S b/arch/x86/kvm/vmx/vmenter.S
index 040bd8e5670b..9522d46567f8 100644
--- a/arch/x86/kvm/vmx/vmenter.S
+++ b/arch/x86/kvm/vmx/vmenter.S
@@ -275,7 +275,7 @@ SYM_INNER_LABEL_ALIGN(vmx_vmexit, SYM_L_GLOBAL)
 
 	call vmx_spec_ctrl_restore_host
 
-	CLEAR_BRANCH_HISTORY
+	CLEAR_BRANCH_HISTORY_VMEXIT
 
 	/* Put return value in AX */
 	mov %_ASM_BX, %_ASM_AX