diff --git a/versions.mk b/versions.mk
index da80f7d9..a2e0b248 100644
--- a/versions.mk
+++ b/versions.mk
@@ -30,7 +30,7 @@ NVIDIA_CONTAINER_RUNTIME_VERSION := 3.14.0
 # Specify the expected libnvidia-container0 version for arm64-based ubuntu builds.
 LIBNVIDIA_CONTAINER0_VERSION := 0.10.0+jetpack
 
-CUDA_VERSION := 12.3.1
+CUDA_VERSION := 12.3.2
 GOLANG_VERSION := 1.20.5
 
 BUILDIMAGE_TAG ?= devel-go$(GOLANG_VERSION)