diff --git a/lib/parsers/asm-parser-ptx.ts b/lib/parsers/asm-parser-ptx.ts
index d1659d367..197147e82 100644
--- a/lib/parsers/asm-parser-ptx.ts
+++ b/lib/parsers/asm-parser-ptx.ts
@@ -81,7 +81,7 @@ export class PTXAsmParser extends AsmParser {
 
         this.labelLine = /^\s*\$?[a-zA-Z_][a-zA-Z0-9_]*:.*$/;
 
-        this.hasOpcodeRe = /^\s*(@!?%\w+\s+)?(%[$.A-Z_a-z][\w$.]*\s*=\s*)?[A-Za-z]/;
+        this.hasOpcodeRe = /^\s*\{?\s*(@!?%\w+\s+)?(%[$.A-Z_a-z][\w$.]*\s*=\s*)?[A-Za-z]/;
     }
 
     override processAsm(asmResult: string, filters: ParseFiltersAndOutputOptions): ParsedAsmResult {
@@ -104,6 +104,7 @@ export class PTXAsmParser extends AsmParser {
         let braceDepth = 0;
         let lineNumber = 0;
         let openBraceLineNumber = 0;
+        let openBraceLineHasOpcode = false;
 
         for (let line of asmLines) {
             const newSource = this.processSourceLine(line, files);
@@ -186,10 +187,11 @@ export class PTXAsmParser extends AsmParser {
             if (this.functionStart.test(line)) {
                 braceDepth++;
                 openBraceLineNumber = lineNumber;
+                openBraceLineHasOpcode = this.hasOpcode(line);
             } else if (this.functionEnd.test(line)) {
                 braceDepth--;
-                // Remove paired braces with no content
-                if (openBraceLineNumber + 1 === lineNumber) {
+                // Remove paired braces with no content (but not if the opening brace line had an opcode)
+                if (openBraceLineNumber + 1 === lineNumber && !openBraceLineHasOpcode) {
                     asm.pop();
                     continue;
                 }
diff --git a/test/asm-parser-tests.ts b/test/asm-parser-tests.ts
index b5f96cb3e..436dba34c 100644
--- a/test/asm-parser-tests.ts
+++ b/test/asm-parser-tests.ts
@@ -72,6 +72,11 @@ describe('PTXAsmParser tests', () => {
             expect(parser.hasOpcode('  @!%p1 bra LBB6_2;')).toBe(true);
             expect(parser.hasOpcode('  @%r789 bra LBB6_2;')).toBe(true);
         });
+        it('should identify PTX opcodes wrapped in braces', () => {
+            expect(parser.hasOpcode('{fma.rn.f16x2 %r9,%r2,%r3,%r270;')).toBe(true);
+            expect(parser.hasOpcode('  {fma.rn.f16x2 %r9,%r2,%r3,%r270;')).toBe(true);
+            expect(parser.hasOpcode('{ add.s32 %r1, %r2, %r3;')).toBe(true);
+        });
     });
 
     describe('Nested brace indentation', () => {
@@ -158,6 +163,47 @@ mov.u64 %rd1, $str;
         });
     });
 
+    describe('Braced instructions', () => {
+        it('should not drop FMA instructions wrapped in braces on separate lines', () => {
+            const input = `{fma.rn.f16x2 %r9,%r2,%r3,%r270;
+}
+{fma.rn.f16x2 %r13,%r2,%r3,%r9;
+}`;
+            const result = parser.processAsm(input, {});
+            const lines = result.asm.map(line => line.text);
+
+            expect(lines.length).toBe(4);
+            expect(lines[0]).toBe('{fma.rn.f16x2 %r9,%r2,%r3,%r270;');
+            expect(lines[1]).toBe('}');
+            expect(lines[2]).toBe('{fma.rn.f16x2 %r13,%r2,%r3,%r9;');
+            expect(lines[3]).toBe('}');
+        });
+
+        it('should preserve braced instructions inside functions', () => {
+            const input = `.visible .entry kernel()
+{
+mov.u32 %r1, 0;
+{fma.rn.f16x2 %r9,%r2,%r3,%r270;
+}
+{fma.rn.f16x2 %r13,%r2,%r3,%r9;
+}
+ret;
+}`;
+            const result = parser.processAsm(input, {});
+            const lines = result.asm.map(line => line.text);
+
+            expect(lines[0]).toBe('.visible .entry kernel()');
+            expect(lines[1]).toBe('{');
+            expect(lines[2]).toBe('\tmov.u32 %r1, 0;');
+            expect(lines[3]).toBe('\t{fma.rn.f16x2 %r9,%r2,%r3,%r270;');
+            expect(lines[4]).toBe('\t}');
+            expect(lines[5]).toBe('\t{fma.rn.f16x2 %r13,%r2,%r3,%r9;');
+            expect(lines[6]).toBe('\t}');
+            expect(lines[7]).toBe('\tret;');
+            expect(lines[8]).toBe('}');
+        });
+    });
+
     describe('Trim filter', () => {
         it('should convert tabs to spaces when trim filter is enabled', () => {
             const input = `\t\t\tcall.uni (retval0),