diff --git a/rust-version b/rust-version
index 5343cde310d4..0c82628c569a 100644
--- a/rust-version
+++ b/rust-version
@@ -1 +1 @@
-4e8fb743ccbec27344b2dd42de7057f41d4ebfdd
+78450d2d602b06d9b94349aaf8cece1a4acaf3a8
diff --git a/src/shims/intrinsics.rs b/src/shims/intrinsics.rs
index 0dabaaa70069..d0d35dc45817 100644
--- a/src/shims/intrinsics.rs
+++ b/src/shims/intrinsics.rs
@@ -54,6 +54,11 @@ pub trait EvalContextExt<'mir, 'tcx: 'mir>: crate::MiriEvalContextExt<'mir, 'tcx
                 let right = this.read_immediate(right)?;
                 this.binop_ignore_overflow(mir::BinOp::Ne, &left, &right, dest)?;
             }
+            "const_allocate" => {
+                // For now, for compatibility with the run-time implementation of this, we just return null.
+                // See <https://github.com/rust-lang/rust/issues/93935>.
+                this.write_null(dest)?;
+            }
 
             // Raw memory accesses
             "volatile_load" => {