diff --git a/.ci/docker/ci_commit_pins/pytorch.txt b/.ci/docker/ci_commit_pins/pytorch.txt
index ccee7739dc6..ddd1f4a6b16 100644
--- a/.ci/docker/ci_commit_pins/pytorch.txt
+++ b/.ci/docker/ci_commit_pins/pytorch.txt
@@ -1 +1 @@
-b1984237a0fb32b760c1b84d6d02d2f0f7ed293b
+48b6c8dbc376db4406a979b35cd6909bcb428931
diff --git a/install_requirements.sh b/install_requirements.sh
index c5b45706709..d88eb505a6c 100755
--- a/install_requirements.sh
+++ b/install_requirements.sh
@@ -59,7 +59,7 @@ done
 # NOTE: If a newly-fetched version of the executorch repo changes the value of
 # NIGHTLY_VERSION, you should re-run this script to install the necessary
 # package versions.
-NIGHTLY_VERSION=dev20240422
+NIGHTLY_VERSION=dev20240507
 
 # The pip repository that hosts nightly torch packages.
 TORCH_NIGHTLY_URL="https://download.pytorch.org/whl/nightly/cpu"