diff --git a/arch/x86/kernel/cpu/amd.c b/arch/x86/kernel/cpu/amd.c
index 80a405c2048a..8d4e50428b68 100644
--- a/arch/x86/kernel/cpu/amd.c
+++ b/arch/x86/kernel/cpu/amd.c
@@ -824,8 +824,11 @@ static void init_amd_zn(struct cpuinfo_x86 *c)
 {
 	set_cpu_cap(c, X86_FEATURE_ZEN);
 
-	/* Fix erratum 1076: CPB feature bit not being set in CPUID. */
-	if (!cpu_has(c, X86_FEATURE_CPB))
+	/*
+	 * Fix erratum 1076: CPB feature bit not being set in CPUID.
+	 * Always set it, except when running under a hypervisor.
+	 */
+	if (!cpu_has(c, X86_FEATURE_HYPERVISOR) && !cpu_has(c, X86_FEATURE_CPB))
 		set_cpu_cap(c, X86_FEATURE_CPB);
 }