diff --git a/conda/environments/all_cuda-118_arch-x86_64.yaml b/conda/environments/all_cuda-118_arch-x86_64.yaml
index 62d6d650..ce5efad9 100644
--- a/conda/environments/all_cuda-118_arch-x86_64.yaml
+++ b/conda/environments/all_cuda-118_arch-x86_64.yaml
@@ -30,7 +30,7 @@ dependencies:
 - pip
 - pkg-config
 - pre-commit
-- pynvml>=11.4.1
+- pynvml>=11.4.1,<12.0.0a0
 - pytest-asyncio
 - pytest-rerunfailures
 - pytest==7.*
diff --git a/conda/environments/all_cuda-125_arch-x86_64.yaml b/conda/environments/all_cuda-125_arch-x86_64.yaml
index 4423d914..3b853e64 100644
--- a/conda/environments/all_cuda-125_arch-x86_64.yaml
+++ b/conda/environments/all_cuda-125_arch-x86_64.yaml
@@ -30,7 +30,7 @@ dependencies:
 - pip
 - pkg-config
 - pre-commit
-- pynvml>=11.4.1
+- pynvml>=11.4.1,<12.0.0a0
 - pytest-asyncio
 - pytest-rerunfailures
 - pytest==7.*
diff --git a/conda/recipes/ucxx/meta.yaml b/conda/recipes/ucxx/meta.yaml
index 8d9e3f13..3b391983 100644
--- a/conda/recipes/ucxx/meta.yaml
+++ b/conda/recipes/ucxx/meta.yaml
@@ -240,7 +240,7 @@ outputs:
         - {{ pin_subpackage('libucxx', exact=True) }}
         - {{ pin_compatible('rmm', max_pin='x.x') }}
         - numpy>=1.23,<3.0a0
-        - pynvml >=11.4.1
+        - pynvml >=11.4.1,<12.0.0a0
       run_constrained:
         - cupy >=9.5.0
         - numba >=0.57.0
diff --git a/dependencies.yaml b/dependencies.yaml
index 57261ef0..738935e4 100644
--- a/dependencies.yaml
+++ b/dependencies.yaml
@@ -283,7 +283,7 @@ dependencies:
       - output_types: [conda, requirements, pyproject]
         packages:
           - &numpy numpy>=1.23,<3.0a0
-          - pynvml>=11.4.1
+          - pynvml>=11.4.1,<12.0.0a0
   run_python_distributed_ucxx:
     common:
       - output_types: [conda, requirements, pyproject]
diff --git a/python/ucxx/pyproject.toml b/python/ucxx/pyproject.toml
index 2f09fa9e..55dd719e 100644
--- a/python/ucxx/pyproject.toml
+++ b/python/ucxx/pyproject.toml
@@ -21,7 +21,7 @@ requires-python = ">=3.10"
 dependencies = [
     "libucxx==0.42.*,>=0.0.0a0",
     "numpy>=1.23,<3.0a0",
-    "pynvml>=11.4.1",
+    "pynvml>=11.4.1,<12.0.0a0",
     "rmm==25.2.*,>=0.0.0a0",
 ] # This list was generated by `rapids-dependency-file-generator`. To make changes, edit ../../dependencies.yaml and run `rapids-dependency-file-generator`.
 classifiers = [