diff --git a/static/app/components/commandPalette/ui/commandPalette.tsx b/static/app/components/commandPalette/ui/commandPalette.tsx
index 51974f46ef50..aa6ae4360076 100644
--- a/static/app/components/commandPalette/ui/commandPalette.tsx
+++ b/static/app/components/commandPalette/ui/commandPalette.tsx
@@ -143,7 +143,8 @@ export function CommandPalette({
   const debouncedQuery = useDebouncedValue(state.query, 300);
   const isFetchingQueries = useIsFetching({predicate: q => q.meta?.cmdk === true});
   const isLoading =
-    (state.query.length > 0 && debouncedQuery !== state.query) || isFetchingQueries > 0;
+    state.list === 'active' &&
+    ((state.query.length > 0 && debouncedQuery !== state.query) || isFetchingQueries > 0);
   const isEmptyPromptQuery =
     state.action?.value.prompt !== undefined && (state.query.length === 0 || isLoading);
 
@@ -153,7 +154,7 @@ export function CommandPalette({
     return nodes;
   }, [store, state.action]);
 
-  const [actions, prefixMap, isSeerFallback] = useMemo<
+  const [computedActions, computedPrefixMap, computedIsSeerFallback] = useMemo<
     [CMDKFlatItem[], Map<string, string[]>, boolean]
   >(() => {
     const [scored, scoredPrefixMap] = state.query
@@ -225,6 +226,28 @@ export function CommandPalette({
     openForm,
   ]);
 
+  const frozenRef = useRef({
+    actions: computedActions,
+    prefixMap: computedPrefixMap,
+    isSeerFallback: computedIsSeerFallback,
+  });
+
+  useEffect(() => {
+    if (state.list === 'active') {
+      frozenRef.current = {
+        actions: computedActions,
+        prefixMap: computedPrefixMap,
+        isSeerFallback: computedIsSeerFallback,
+      };
+    }
+  }, [state.list, computedActions, computedPrefixMap, computedIsSeerFallback]);
+
+  const actions = state.list === 'active' ? computedActions : frozenRef.current.actions;
+  const prefixMap =
+    state.list === 'active' ? computedPrefixMap : frozenRef.current.prefixMap;
+  const isSeerFallback =
+    state.list === 'active' ? computedIsSeerFallback : frozenRef.current.isSeerFallback;
+
   const analytics = useCommandPaletteAnalytics(isSeerFallback ? 0 : actions.length);
   const mouseLeftResultsRef = useRef(false);
 
@@ -365,6 +388,10 @@ export function CommandPalette({
       }
     },
     onKeyDown: (e: React.KeyboardEvent<HTMLInputElement>) => {
+      if (e.key === 'ArrowDown' || e.key === 'ArrowUp') {
+        dispatch({type: 'freeze list'});
+      }
+
       if (
         treeState.selectionManager.focusedKey === null &&
         (e.key === 'ArrowDown' || e.key === 'ArrowUp')
diff --git a/static/app/components/commandPalette/ui/commandPaletteStateContext.tsx b/static/app/components/commandPalette/ui/commandPaletteStateContext.tsx
index bdc20c232588..70f41200d435 100644
--- a/static/app/components/commandPalette/ui/commandPaletteStateContext.tsx
+++ b/static/app/components/commandPalette/ui/commandPaletteStateContext.tsx
@@ -22,6 +22,10 @@ export type CMDKNavStack = {
 export type CommandPaletteState = {
   action: CMDKNavStack | null;
   input: React.RefObject<HTMLInputElement | null>;
+  // Controls whether the rendered action list updates from the collection store.
+  // 'frozen' keeps the visible list stable while the user navigates with the
+  // keyboard. Any other dispatched action resets to 'active'.
+  list: 'active' | 'frozen';
   open: boolean;
   // When true, action and query are cleared the next time the modal opens.
   // Set by 'trigger action' so the close animation plays without a jarring
@@ -49,7 +53,8 @@ type CommandPaletteAction =
     }
   | {type: 'trigger action'}
   | {type: 'pop action'}
-  | {type: 'reset on open'};
+  | {type: 'reset on open'}
+  | {type: 'freeze list'};
 
 const CommandPaletteStateContext = createContext<CommandPaletteState | null>(null);
 const CommandPaletteDispatchContext =
@@ -61,6 +66,8 @@ function commandPaletteReducer(
 ): CommandPaletteState {
   const type = action.type;
   switch (type) {
+    case 'freeze list':
+      return {...state, list: 'frozen'};
     case 'toggle modal':
       if (!state.open && state.resetOnOpen) {
         return {
@@ -70,11 +77,13 @@ function commandPaletteReducer(
           query: '',
           resetOnOpen: false,
           pendingReset: false,
+          list: 'active',
         };
       }
       return {
         ...state,
         open: !state.open,
+        list: 'active',
       };
     case 'reset':
       return {
@@ -83,11 +92,12 @@ function commandPaletteReducer(
         query: '',
         pendingReset: false,
         resetOnOpen: false,
+        list: 'active',
       };
     case 'reset on open':
-      return {...state, resetOnOpen: true};
+      return {...state, resetOnOpen: true, list: 'active'};
     case 'set query':
-      return {...state, query: action.query};
+      return {...state, query: action.query, list: 'active'};
     case 'push action':
       return {
         ...state,
@@ -101,15 +111,17 @@ function commandPaletteReducer(
           previous: state.action,
         },
         query: action.query ?? '',
+        list: 'active',
       };
     case 'pop action':
       return {
         ...state,
         action: state.action?.previous ?? null,
         query: state.action?.value?.query ?? state.query,
+        list: 'active',
       };
     case 'trigger action':
-      return {...state, pendingReset: true};
+      return {...state, pendingReset: true, list: 'active'};
     default:
       unreachable(type);
       return state;
@@ -149,6 +161,7 @@ export function CommandPaletteStateProvider({
     open: false,
     pendingReset: false,
     resetOnOpen: false,
+    list: 'active',
   });
 
   return (