diff --git a/llvm/lib/Analysis/CostModel.cpp b/llvm/lib/Analysis/CostModel.cpp
index 68cb536bf7891..27a946c846e67 100644
--- a/llvm/lib/Analysis/CostModel.cpp
+++ b/llvm/lib/Analysis/CostModel.cpp
@@ -40,14 +40,25 @@ static cl::opt<TargetTransformInfo::TargetCostKind> CostKind(
                clEnumValN(TargetTransformInfo::TCK_SizeAndLatency,
                           "size-latency", "Code size and latency")));
 
-static cl::opt<bool> TypeBasedIntrinsicCost("type-based-intrinsic-cost",
-    cl::desc("Calculate intrinsics cost based only on argument types"),
-    cl::init(false));
+enum class IntrinsicCostStrategy {
+  InstructionCost,
+  IntrinsicCost,
+  TypeBasedIntrinsicCost,
+};
 
-static cl::opt<bool> PreferIntrinsicCost(
-    "prefer-intrinsic-cost",
-    cl::desc("Prefer using getIntrinsicInstrCost over getInstructionCost"),
-    cl::init(false));
+static cl::opt<IntrinsicCostStrategy> IntrinsicCost(
+    "intrinsic-cost-strategy",
+    cl::desc("Costing strategy for intrinsic instructions"),
+    cl::init(IntrinsicCostStrategy::InstructionCost),
+    cl::values(
+        clEnumValN(IntrinsicCostStrategy::InstructionCost, "instruction-cost",
+                   "Use TargetTransformInfo::getInstructionCost"),
+        clEnumValN(IntrinsicCostStrategy::IntrinsicCost, "intrinsic-cost",
+                   "Use TargetTransformInfo::getIntrinsicInstrCost"),
+        clEnumValN(
+            IntrinsicCostStrategy::TypeBasedIntrinsicCost,
+            "type-based-intrinsic-cost",
+            "Calculate the intrinsic cost based only on argument types")));
 
 #define CM_NAME "cost-model"
 #define DEBUG_TYPE CM_NAME
@@ -63,10 +74,12 @@ PreservedAnalyses CostModelPrinterPass::run(Function &F,
       // which cost kind to print.
       InstructionCost Cost;
       auto *II = dyn_cast<IntrinsicInst>(&Inst);
-      if (II && (PreferIntrinsicCost || TypeBasedIntrinsicCost)) {
+      if (II && IntrinsicCost != IntrinsicCostStrategy::InstructionCost) {
         IntrinsicCostAttributes ICA(
             II->getIntrinsicID(), *II, InstructionCost::getInvalid(),
-            /*TypeBasedOnly=*/TypeBasedIntrinsicCost, &TLI);
+            /*TypeBasedOnly=*/IntrinsicCost ==
+                IntrinsicCostStrategy::TypeBasedIntrinsicCost,
+            &TLI);
         Cost = TTI.getIntrinsicInstrCost(ICA, CostKind);
       } else {
         Cost = TTI.getInstructionCost(&Inst, CostKind);
diff --git a/llvm/test/Analysis/CostModel/AArch64/sincos.ll b/llvm/test/Analysis/CostModel/AArch64/sincos.ll
index e32c51667e0ad..32408acb582d0 100644
--- a/llvm/test/Analysis/CostModel/AArch64/sincos.ll
+++ b/llvm/test/Analysis/CostModel/AArch64/sincos.ll
@@ -1,6 +1,6 @@
 ; NOTE: Assertions have been autogenerated by utils/update_analyze_test_checks.py UTC_ARGS: --filter "sincos"
 ; RUN: opt < %s -mtriple=aarch64-gnu-linux -mattr=+neon,+sve -passes="print<cost-model>" -cost-kind=throughput 2>&1 -disable-output | FileCheck %s
-; RUN: opt < %s -mtriple=aarch64-gnu-linux -mattr=+neon,+sve -vector-library=ArmPL -passes="print<cost-model>" -prefer-intrinsic-cost -cost-kind=throughput 2>&1 -disable-output | FileCheck %s -check-prefix=CHECK-VECLIB
+; RUN: opt < %s -mtriple=aarch64-gnu-linux -mattr=+neon,+sve -vector-library=ArmPL -passes="print<cost-model>" -intrinsic-cost-strategy=intrinsic-cost -cost-kind=throughput 2>&1 -disable-output | FileCheck %s -check-prefix=CHECK-VECLIB
 
 define void @sincos() {
 ; CHECK-LABEL: 'sincos'
diff --git a/llvm/test/Analysis/CostModel/AArch64/sve-intrinsics.ll b/llvm/test/Analysis/CostModel/AArch64/sve-intrinsics.ll
index 0bf776b5c97e3..d707d71bbd734 100644
--- a/llvm/test/Analysis/CostModel/AArch64/sve-intrinsics.ll
+++ b/llvm/test/Analysis/CostModel/AArch64/sve-intrinsics.ll
@@ -1,7 +1,7 @@
 ; NOTE: Assertions have been autogenerated by utils/update_analyze_test_checks.py
 ; RUN: opt < %s -passes="print<cost-model>" 2>&1 -disable-output -S -mtriple=aarch64--linux-gnu -mattr=+sve | FileCheck %s --check-prefix=CHECK-VSCALE-1
 ; RUN: opt < %s -passes="print<cost-model>" 2>&1 -mcpu=neoverse-v1 -disable-output -S -mtriple=aarch64--linux-gnu -mattr=+sve | FileCheck %s --check-prefix=CHECK-VSCALE-2
-; RUN: opt < %s -passes="print<cost-model>" 2>&1 -type-based-intrinsic-cost -disable-output -S -mtriple=aarch64--linux-gnu -mattr=+sve | FileCheck %s --check-prefix=TYPE_BASED_ONLY
+; RUN: opt < %s -passes="print<cost-model>" 2>&1 -intrinsic-cost-strategy=type-based-intrinsic-cost -disable-output -S -mtriple=aarch64--linux-gnu -mattr=+sve | FileCheck %s --check-prefix=TYPE_BASED_ONLY
 
 target datalayout = "e-m:e-i8:8:32-i16:16:32-i64:64-i128:128-n32:64-S128"
 
diff --git a/llvm/test/Analysis/CostModel/RISCV/cast.ll b/llvm/test/Analysis/CostModel/RISCV/cast.ll
index 04048b8ba17f1..e498ccc733040 100644
--- a/llvm/test/Analysis/CostModel/RISCV/cast.ll
+++ b/llvm/test/Analysis/CostModel/RISCV/cast.ll
@@ -1,6 +1,6 @@
 ; NOTE: Assertions have been autogenerated by utils/update_analyze_test_checks.py
-; RUN: opt < %s -mtriple=riscv32 -mattr=+v,+zfh,+zvfh -passes="print<cost-model>" -cost-kind=throughput --type-based-intrinsic-cost=true 2>&1 -disable-output | FileCheck %s --check-prefixes=CHECK,RV32
-; RUN: opt < %s -mtriple=riscv64 -mattr=+v,+zfh,+zvfh -passes="print<cost-model>" -cost-kind=throughput --type-based-intrinsic-cost=true 2>&1 -disable-output | FileCheck %s --check-prefixes=CHECK,RV64
+; RUN: opt < %s -mtriple=riscv32 -mattr=+v,+zfh,+zvfh -passes="print<cost-model>" -cost-kind=throughput -intrinsic-cost-strategy=type-based-intrinsic-cost 2>&1 -disable-output | FileCheck %s --check-prefixes=CHECK,RV32
+; RUN: opt < %s -mtriple=riscv64 -mattr=+v,+zfh,+zvfh -passes="print<cost-model>" -cost-kind=throughput -intrinsic-cost-strategy=type-based-intrinsic-cost 2>&1 -disable-output | FileCheck %s --check-prefixes=CHECK,RV64
 
 define void @sext() {
 ; RV32-LABEL: 'sext'
diff --git a/llvm/test/Analysis/CostModel/RISCV/cmp.ll b/llvm/test/Analysis/CostModel/RISCV/cmp.ll
index b820baf5acf85..69d4f27ac41be 100644
--- a/llvm/test/Analysis/CostModel/RISCV/cmp.ll
+++ b/llvm/test/Analysis/CostModel/RISCV/cmp.ll
@@ -1,6 +1,6 @@
 ; NOTE: Assertions have been autogenerated by utils/update_analyze_test_checks.py UTC_ARGS: --version 5
-; RUN: opt < %s -mtriple=riscv32 -mattr=+v,+f -passes="print<cost-model>" -cost-kind=throughput --type-based-intrinsic-cost=true 2>&1 -disable-output | FileCheck %s --check-prefixes=CHECK,RV32
-; RUN: opt < %s -mtriple=riscv64 -mattr=+v,+f -passes="print<cost-model>" -cost-kind=throughput --type-based-intrinsic-cost=true 2>&1 -disable-output | FileCheck %s --check-prefixes=CHECK,RV64
+; RUN: opt < %s -mtriple=riscv32 -mattr=+v,+f -passes="print<cost-model>" -cost-kind=throughput -intrinsic-cost-strategy=type-based-intrinsic-cost 2>&1 -disable-output | FileCheck %s --check-prefixes=CHECK,RV32
+; RUN: opt < %s -mtriple=riscv64 -mattr=+v,+f -passes="print<cost-model>" -cost-kind=throughput -intrinsic-cost-strategy=type-based-intrinsic-cost 2>&1 -disable-output | FileCheck %s --check-prefixes=CHECK,RV64
 
 define void @icmp() {
 ; RV32-LABEL: 'icmp'
diff --git a/llvm/test/Analysis/CostModel/RISCV/rvv-expandload-compressstore.ll b/llvm/test/Analysis/CostModel/RISCV/rvv-expandload-compressstore.ll
index ea5f3444fa248..e0f80f541bc19 100644
--- a/llvm/test/Analysis/CostModel/RISCV/rvv-expandload-compressstore.ll
+++ b/llvm/test/Analysis/CostModel/RISCV/rvv-expandload-compressstore.ll
@@ -1,6 +1,6 @@
 ; NOTE: Assertions have been autogenerated by utils/update_analyze_test_checks.py
 ; RUN: opt < %s -passes="print<cost-model>" 2>&1 -disable-output -S -mtriple=riscv64 -mattr=+v,+zvfhmin,+zvfbfmin | FileCheck %s
-; RUN: opt < %s -passes="print<cost-model>" 2>&1 -disable-output -S -mtriple=riscv64 -mattr=+v,+zvfhmin,+zvfbfmin --type-based-intrinsic-cost=true | FileCheck %s --check-prefixes=TYPEBASED
+; RUN: opt < %s -passes="print<cost-model>" 2>&1 -disable-output -S -mtriple=riscv64 -mattr=+v,+zvfhmin,+zvfbfmin -intrinsic-cost-strategy=type-based-intrinsic-cost | FileCheck %s --check-prefixes=TYPEBASED
 
 define void @expand_load() {
 ; CHECK-LABEL: 'expand_load'
diff --git a/llvm/test/Analysis/CostModel/RISCV/rvv-select.ll b/llvm/test/Analysis/CostModel/RISCV/rvv-select.ll
index 6ab8ac64d64e4..748492c32630e 100644
--- a/llvm/test/Analysis/CostModel/RISCV/rvv-select.ll
+++ b/llvm/test/Analysis/CostModel/RISCV/rvv-select.ll
@@ -1,6 +1,6 @@
 ; NOTE: Assertions have been autogenerated by utils/update_analyze_test_checks.py
 ; RUN: opt -passes="print<cost-model>" 2>&1 -disable-output -mtriple=riscv64 -mattr=+v,+f,+d,+zfh,+zvfh -riscv-v-fixed-length-vector-lmul-max=1 < %s | FileCheck %s
-; RUN: opt -passes="print<cost-model>" 2>&1 -disable-output -mtriple=riscv64 -mattr=+v,+f,+d,+zfh,+zvfh -riscv-v-fixed-length-vector-lmul-max=1 --type-based-intrinsic-cost=true < %s | FileCheck %s
+; RUN: opt -passes="print<cost-model>" 2>&1 -disable-output -mtriple=riscv64 -mattr=+v,+f,+d,+zfh,+zvfh -riscv-v-fixed-length-vector-lmul-max=1 -intrinsic-cost-strategy=type-based-intrinsic-cost < %s | FileCheck %s
 ; Check that we don't crash querying costs when vectors are not enabled.
 ; RUN: opt -passes="print<cost-model>" 2>&1 -disable-output -mtriple=riscv64
 
diff --git a/llvm/test/Analysis/CostModel/RISCV/vp-intrinsics.ll b/llvm/test/Analysis/CostModel/RISCV/vp-intrinsics.ll
index 7fc91e7049aa3..04b1d18fca8ee 100644
--- a/llvm/test/Analysis/CostModel/RISCV/vp-intrinsics.ll
+++ b/llvm/test/Analysis/CostModel/RISCV/vp-intrinsics.ll
@@ -1,6 +1,6 @@
 ; NOTE: Assertions have been autogenerated by utils/update_analyze_test_checks.py
 ; RUN: opt < %s -passes="print<cost-model>" 2>&1 -disable-output -S -mtriple=riscv64 -mattr=+v,+zvfhmin,+zvfbfmin | FileCheck %s --check-prefixes=CHECK,ARGBASED
-; RUN: opt < %s -passes="print<cost-model>" 2>&1 -disable-output -S -mtriple=riscv64 -mattr=+v,+zvfhmin,+zvfbfmin --type-based-intrinsic-cost=true | FileCheck %s --check-prefixes=CHECK,TYPEBASED
+; RUN: opt < %s -passes="print<cost-model>" 2>&1 -disable-output -S -mtriple=riscv64 -mattr=+v,+zvfhmin,+zvfbfmin -intrinsic-cost-strategy=type-based-intrinsic-cost | FileCheck %s --check-prefixes=CHECK,TYPEBASED
 
 define void @unsupported_fp_ops(<vscale x 4 x float> %vec, i32 %extraarg) {
 ; CHECK-LABEL: 'unsupported_fp_ops'