diff --git a/src/hotspot/share/opto/escape.cpp b/src/hotspot/share/opto/escape.cpp
index 2ca722148b6..eb6887f11ba 100644
--- a/src/hotspot/share/opto/escape.cpp
+++ b/src/hotspot/share/opto/escape.cpp
@@ -3879,7 +3879,7 @@ PhiNode *ConnectionGraph::create_split_phi(PhiNode *orig_phi, int alias_idx, Gro
 // Return a new version of Memory Phi "orig_phi" with the inputs having the
 // specified alias index.
 //
-PhiNode *ConnectionGraph::split_memory_phi(PhiNode *orig_phi, int alias_idx, GrowableArray<PhiNode *>  &orig_phi_worklist) {
+PhiNode *ConnectionGraph::split_memory_phi(PhiNode *orig_phi, int alias_idx, GrowableArray<PhiNode *> &orig_phi_worklist, uint rec_depth) {
   assert(alias_idx != Compile::AliasIdxBot, "can't split out bottom memory");
   Compile *C = _compile;
   PhaseGVN* igvn = _igvn;
@@ -3895,7 +3895,7 @@ PhiNode *ConnectionGraph::split_memory_phi(PhiNode *orig_phi, int alias_idx, Gro
   bool finished = false;
   while(!finished) {
     while (idx < phi->req()) {
-      Node *mem = find_inst_mem(phi->in(idx), alias_idx, orig_phi_worklist);
+      Node *mem = find_inst_mem(phi->in(idx), alias_idx, orig_phi_worklist, rec_depth + 1);
       if (mem != nullptr && mem->is_Phi()) {
         PhiNode *newphi = create_split_phi(mem->as_Phi(), alias_idx, orig_phi_worklist, new_phi_created);
         if (new_phi_created) {
@@ -4037,7 +4037,12 @@ void ConnectionGraph::move_inst_mem(Node* n, GrowableArray<PhiNode *>  &orig_phi
 // Search memory chain of "mem" to find a MemNode whose address
 // is the specified alias index.
 //
-Node* ConnectionGraph::find_inst_mem(Node *orig_mem, int alias_idx, GrowableArray<PhiNode *>  &orig_phis) {
+#define FIND_INST_MEM_RECURSION_DEPTH_LIMIT 1000
+Node* ConnectionGraph::find_inst_mem(Node *orig_mem, int alias_idx, GrowableArray<PhiNode *>  &orig_phis, uint rec_depth) {
+  if (rec_depth > FIND_INST_MEM_RECURSION_DEPTH_LIMIT) {
+    _compile->record_failure(_invocation > 0 ? C2Compiler::retry_no_iterative_escape_analysis() : C2Compiler::retry_no_escape_analysis());
+    return nullptr;
+  }
   if (orig_mem == nullptr) {
     return orig_mem;
   }
@@ -4111,7 +4116,7 @@ Node* ConnectionGraph::find_inst_mem(Node *orig_mem, int alias_idx, GrowableArra
       if (result == mmem->base_memory()) {
         // Didn't find instance memory, search through general slice recursively.
         result = mmem->memory_at(C->get_general_index(alias_idx));
-        result = find_inst_mem(result, alias_idx, orig_phis);
+        result = find_inst_mem(result, alias_idx, orig_phis, rec_depth + 1);
         if (C->failing()) {
           return nullptr;
         }
@@ -4179,7 +4184,7 @@ Node* ConnectionGraph::find_inst_mem(Node *orig_mem, int alias_idx, GrowableArra
       orig_phis.append_if_missing(mphi);
     } else if (C->get_alias_index(t) != alias_idx) {
       // Create a new Phi with the specified alias index type.
-      result = split_memory_phi(mphi, alias_idx, orig_phis);
+      result = split_memory_phi(mphi, alias_idx, orig_phis, rec_depth + 1);
     }
   }
   // the result is either MemNode, PhiNode, InitializeNode.
diff --git a/src/hotspot/share/opto/escape.hpp b/src/hotspot/share/opto/escape.hpp
index 658c8f6e8fe..32e70be219a 100644
--- a/src/hotspot/share/opto/escape.hpp
+++ b/src/hotspot/share/opto/escape.hpp
@@ -1,5 +1,5 @@
 /*
- * Copyright (c) 2005, 2023, Oracle and/or its affiliates. All rights reserved.
+ * Copyright (c) 2005, 2024, Oracle and/or its affiliates. All rights reserved.
  * DO NOT ALTER OR REMOVE COPYRIGHT NOTICES OR THIS FILE HEADER.
  *
  * This code is free software; you can redistribute it and/or modify it
@@ -549,10 +549,10 @@ private:
   bool split_AddP(Node *addp, Node *base);
 
   PhiNode *create_split_phi(PhiNode *orig_phi, int alias_idx, GrowableArray<PhiNode *>  &orig_phi_worklist, bool &new_created);
-  PhiNode *split_memory_phi(PhiNode *orig_phi, int alias_idx, GrowableArray<PhiNode *>  &orig_phi_worklist);
+  PhiNode *split_memory_phi(PhiNode *orig_phi, int alias_idx, GrowableArray<PhiNode *>  &orig_phi_worklist, uint rec_depth);
 
   void  move_inst_mem(Node* n, GrowableArray<PhiNode *>  &orig_phis);
-  Node* find_inst_mem(Node* mem, int alias_idx,GrowableArray<PhiNode *>  &orig_phi_worklist);
+  Node* find_inst_mem(Node* mem, int alias_idx,GrowableArray<PhiNode *>  &orig_phi_worklist, uint rec_depth = 0);
   Node* step_through_mergemem(MergeMemNode *mmem, int alias_idx, const TypeOopPtr *toop);
 
   Node_Array _node_map; // used for bookkeeping during type splitting
diff --git a/test/hotspot/jtreg/compiler/escapeAnalysis/TestFindInstMemRecursion.java b/test/hotspot/jtreg/compiler/escapeAnalysis/TestFindInstMemRecursion.java
new file mode 100644
index 00000000000..90a5ff92cd3
--- /dev/null
+++ b/test/hotspot/jtreg/compiler/escapeAnalysis/TestFindInstMemRecursion.java
@@ -0,0 +1,49 @@
+/*
+ * Copyright (c) 2024, Oracle and/or its affiliates. All rights reserved.
+ * DO NOT ALTER OR REMOVE COPYRIGHT NOTICES OR THIS FILE HEADER.
+ *
+ * This code is free software; you can redistribute it and/or modify it
+ * under the terms of the GNU General Public License version 2 only, as
+ * published by the Free Software Foundation.
+ *
+ * This code is distributed in the hope that it will be useful, but WITHOUT
+ * ANY WARRANTY; without even the implied warranty of MERCHANTABILITY or
+ * FITNESS FOR A PARTICULAR PURPOSE.  See the GNU General Public License
+ * version 2 for more details (a copy is included in the LICENSE file that
+ * accompanied this code).
+ *
+ * You should have received a copy of the GNU General Public License version
+ * 2 along with this work; if not, write to the Free Software Foundation,
+ * Inc., 51 Franklin St, Fifth Floor, Boston, MA 02110-1301 USA.
+ *
+ * Please contact Oracle, 500 Oracle Parkway, Redwood Shores, CA 94065 USA
+ * or visit www.oracle.com if you need additional information or have any
+ * questions.
+ */
+
+/**
+ * @test
+ * @bug 8324345
+ * @summary Ensure that ConnectionGraph::find_inst_mem does not cause a stack
+ *          overflow.
+ *
+ * @run main/othervm -Xcomp -XX:CompileThreshold=10 -XX:-TieredCompilation
+ *                   -XX:CompileCommand=CompileOnly,javax.swing.plaf.basic.BasicLookAndFeel::initComponentDefaults
+ *                   -XX:CompileCommand=MemLimit,*.*,0
+ *                   compiler.escapeAnalysis.TestFindInstMemRecursion
+ *
+ */
+
+package compiler.escapeAnalysis;
+
+import javax.swing.*;
+import javax.swing.plaf.metal.*;
+
+public class TestFindInstMemRecursion {
+    public static void main(String[] args) throws Exception {
+        LookAndFeel lookAndFeel = new MetalLookAndFeel();
+        for (int i = 0; i < 20; ++i) {
+            UIManager.setLookAndFeel(lookAndFeel);
+        }
+    }
+}
diff --git a/test/hotspot/jtreg/compiler/vectorapi/VectorReplicateLongSpecialImmTest.java b/test/hotspot/jtreg/compiler/vectorapi/VectorReplicateLongSpecialImmTest.java
index e2ad716d1fa..b885abb632a 100644
--- a/test/hotspot/jtreg/compiler/vectorapi/VectorReplicateLongSpecialImmTest.java
+++ b/test/hotspot/jtreg/compiler/vectorapi/VectorReplicateLongSpecialImmTest.java
@@ -36,7 +36,7 @@ import org.testng.annotations.Test;
  * @library /test/lib
  * @requires os.arch == "aarch64"
  * @modules jdk.incubator.vector
- * @run testng/othervm -XX:UseSVE=0 -XX:-TieredCompilation -XX:CompileThreshold=100 compiler.vectorapi.VectorReplicateLongSpecialImmTest
+ * @run testng/othervm -XX:UseSVE=0 -XX:-TieredCompilation -XX:CompileThreshold=100 -XX:+IgnoreUnrecognizedVMOptions -XX:CompileCommand=MemLimit,*.*,0 compiler.vectorapi.VectorReplicateLongSpecialImmTest
  */
 public class VectorReplicateLongSpecialImmTest {