diff --git a/.common-ci.yml b/.common-ci.yml
index d65c7c06..c37b30c2 100644
--- a/.common-ci.yml
+++ b/.common-ci.yml
@@ -19,7 +19,7 @@ default:
       command: ["--experimental"]
 
 variables:
-  DRIVER_VERSIONS: 535.216.01 550.127.05 565.57.01
+  DRIVER_VERSIONS: 535.216.03 550.127.08
   BUILD_MULTI_ARCH_IMAGES: "true"
 
 stages:
@@ -73,7 +73,7 @@ trigger-pipeline:
 .driver-versions:
   parallel:
     matrix:
-      - DRIVER_VERSION: [535.216.01, 550.127.05, 565.57.01]
+      - DRIVER_VERSION: [535.216.03, 550.127.08]
 
 # Define the matrix of precompiled jobs that can be run in parallel for ubuntu22.04
 .driver-versions-precompiled-ubuntu22.04:
diff --git a/.github/workflows/image.yaml b/.github/workflows/image.yaml
index f59fb240..1ac083b7 100644
--- a/.github/workflows/image.yaml
+++ b/.github/workflows/image.yaml
@@ -34,9 +34,8 @@ jobs:
     strategy:
       matrix:
         driver:
-          - 535.216.01
-          - 550.127.05
-          - 565.57.01
+          - 535.216.03
+          - 550.127.08
         dist:
           - ubuntu20.04
           - ubuntu22.04
@@ -46,10 +45,10 @@ jobs:
         exclude:
           - ispr: true
             dist: ubuntu20.04
-            driver: 535.216.01
+            driver: 535.216.03
           - ispr: true
             dist: ubuntu20.04
-            driver: 550.127.05
+            driver: 550.127.08
       fail-fast: false
     steps:
       - uses: actions/checkout@v4
diff --git a/.nvidia-ci.yml b/.nvidia-ci.yml
index 1ed6f664..2e0fa02c 100644
--- a/.nvidia-ci.yml
+++ b/.nvidia-ci.yml
@@ -429,13 +429,13 @@ sign:ngc-ubuntu-rhel-rhcos:
     matrix:
     - SIGN_JOB_NAME: ["ubuntu"]
       VERSION: ["22.04"]
-      DRIVER_VERSION: ["535.216.01", "550.127.05", "565.57.01"]
+      DRIVER_VERSION: ["535.216.03", "550.127.08"]
     - SIGN_JOB_NAME: ["ubuntu"]
       VERSION: ["20.04"]
-      DRIVER_VERSION: ["535.216.01", "550.127.05", "565.57.01"]
+      DRIVER_VERSION: ["535.216.03", "550.127.08"]
     - SIGN_JOB_NAME: ["rhel"]
       VERSION: ["8.8", "8.10"]
-      DRIVER_VERSION: ["535.216.01", "550.127.05", "565.57.01"]
+      DRIVER_VERSION: ["535.216.03", "550.127.08"]
     - SIGN_JOB_NAME: ["rhcos"]
       VERSION: ["4.12","4.13","4.14","4.15", "4.16", "4.17"]
-      DRIVER_VERSION: ["535.216.01", "550.127.05", "565.57.01"]
+      DRIVER_VERSION: ["535.216.03", "550.127.08"]
diff --git a/rhel8/precompiled/Makefile b/rhel8/precompiled/Makefile
index 61878888..0f85c811 100644
--- a/rhel8/precompiled/Makefile
+++ b/rhel8/precompiled/Makefile
@@ -2,7 +2,7 @@ DOCKERFILE = Dockerfile
 RHEL_VERSION ?= 8.6
 CUDA_VERSION ?= 12.6.0
 CUDA_DIST ?= ubi8
-DRIVER_VERSION ?= 535.216.01
+DRIVER_VERSION ?= 535.216.03
 KERNEL_VERSION ?= 4.18.0-372.51.1.el8_6.x86_64
 TARGET_ARCH = $(shell echo "${KERNEL_VERSION}" | awk -F. '{print $$NF}')
 CONTAINER_TOOL ?= docker
diff --git a/rhel8/precompiled/README.md b/rhel8/precompiled/README.md
index 61969afc..0be001ff 100644
--- a/rhel8/precompiled/README.md
+++ b/rhel8/precompiled/README.md
@@ -50,7 +50,7 @@ The procedure is based on [building custom kmod packages](https://github.com/NVI
     export CUDA_VERSION=12.1.0
     export CUDA_DIST=ubi8
     export DRIVER_EPOCH=1
-    export DRIVER_VERSION=535.216.01
+    export DRIVER_VERSION=535.216.03
     export OS_TAG=rhcos4.13
 
     make image image-push
@@ -76,7 +76,7 @@ Define the `ClusterPolicy` resource to make use of the pre-compiled driver image
     usePrecompiled: true
     image: driver
     repository: nvcr.io/nvidia
-    version: 535.216.01
+    version: 535.216.03
 ```
 
 Find more information in the [Precompiled Driver Containers](https://docs.nvidia.com/datacenter/cloud-native/gpu-operator/latest/precompiled-drivers.html) documentation.
diff --git a/rhel9/precompiled/README.md b/rhel9/precompiled/README.md
index ffbebb66..a2ed6885 100644
--- a/rhel9/precompiled/README.md
+++ b/rhel9/precompiled/README.md
@@ -103,9 +103,9 @@ The procedure is based on [building custom kmod packages](https://github.com/NVI
 5. Set NVIDIA environment variables.
 
    ```
-   export CUDA_VERSION=12.3.2
+   export CUDA_VERSION=12.6.2
    export DRIVER_EPOCH=1
-   export DRIVER_VERSION=550.127.05
+   export DRIVER_VERSION=550.127.08
    ```
 
 6. [Optional] Build the vGPU guest driver
diff --git a/rhel9/precompiled/nvidiadriver.json b/rhel9/precompiled/nvidiadriver.json
index 9df15c82..090180f7 100644
--- a/rhel9/precompiled/nvidiadriver.json
+++ b/rhel9/precompiled/nvidiadriver.json
@@ -9,7 +9,7 @@
     "usePrecompiled": true,
     "repository": "quay.io/fabiendupont",
     "image": "nvidia-gpu-driver",
-    "version": "550.127.05",
+    "version": "550.127.08",
     "imagePullPolicy": "Always",
     "nodeSelector": {},
     "manager": {},
diff --git a/ubuntu22.04/precompiled/Dockerfile b/ubuntu22.04/precompiled/Dockerfile
index f582b73d..95e0cf69 100644
--- a/ubuntu22.04/precompiled/Dockerfile
+++ b/ubuntu22.04/precompiled/Dockerfile
@@ -4,7 +4,7 @@ ENV DEBIAN_FRONTEND=noninteractive
 
 ARG DRIVER_BRANCH=535
 ENV DRIVER_BRANCH=$DRIVER_BRANCH
-ARG DRIVER_VERSION=535.216.01
+ARG DRIVER_VERSION=535.216.03
 ENV DRIVER_VERSION=$DRIVER_VERSION
 
 ARG KERNEL_VERSION=5.15.0-116-generic
diff --git a/versions.mk b/versions.mk
index bb60ef12..fd6c4390 100644
--- a/versions.mk
+++ b/versions.mk
@@ -13,6 +13,6 @@
 # limitations under the License.
 
 # DRIVER_VERSIONS contains latest version in all active datacenter branches
-DRIVER_VERSIONS ?= 535.216.01 550.127.05 565.57.01
+DRIVER_VERSIONS ?= 535.216.03 550.127.08
 
-GOLANG_VERSION := 1.22.8
+GOLANG_VERSION := 1.23.3