diff --git a/docker/Dockerfile.rocm b/docker/Dockerfile.rocm
index ff8ad1607e34a..063fc49693288 100644
--- a/docker/Dockerfile.rocm
+++ b/docker/Dockerfile.rocm
@@ -104,6 +104,7 @@ COPY --from=export_vllm /examples ${COMMON_WORKDIR}/vllm/examples
 COPY --from=export_vllm /docker ${COMMON_WORKDIR}/vllm/docker
 
 ENV RAY_EXPERIMENTAL_NOSET_ROCR_VISIBLE_DEVICES=1
+ENV RAY_EXPERIMENTAL_NOSET_HIP_VISIBLE_DEVICES=1
 ENV TOKENIZERS_PARALLELISM=false
 
 # ENV that can improve safe tensor loading, and end-to-end time
diff --git a/requirements/rocm.txt b/requirements/rocm.txt
index c3bb65b70a0b8..8e39951210714 100644
--- a/requirements/rocm.txt
+++ b/requirements/rocm.txt
@@ -8,7 +8,7 @@ numba == 0.61.2; python_version > '3.9'
 boto3
 botocore
 datasets
-ray>=2.10.0,<2.45.0
+ray[cgraph]>=2.48.0 # Ray Compiled Graph, required for pipeline parallelism in V1.
 peft
 pytest-asyncio
 tensorizer==2.10.1
diff --git a/vllm/utils/__init__.py b/vllm/utils/__init__.py
index 49c706bc37a84..e166e64e11016 100644
--- a/vllm/utils/__init__.py
+++ b/vllm/utils/__init__.py
@@ -78,6 +78,7 @@ if TYPE_CHECKING:
     from argparse import Namespace
 
     from vllm.config import ModelConfig, VllmConfig
+    from vllm.sequence import IntermediateTensors
 
 logger = init_logger(__name__)
 
@@ -1472,7 +1473,8 @@ def current_stream() -> torch.cuda.Stream:
         # is hurting performance. Therefore creating a dedicated stream
         # per process
         if current_platform.is_rocm():
-            _current_stream_tls.value = torch.cuda.Stream()
+            # torch.cuda.set_stream here is the alias of _pathed_set_stream
+            torch.cuda.set_stream(torch.cuda.Stream())
         elif current_platform.is_cpu():
             _current_stream_tls.value = _StreamPlaceholder()
         else:
@@ -2278,7 +2280,8 @@ def weak_ref_tensor(tensor: Any) -> Any:
 
 
 def weak_ref_tensors(
-    tensors: Union[torch.Tensor, list[torch.Tensor], tuple[torch.Tensor]]
+    tensors: Union[torch.Tensor, list[torch.Tensor], tuple[torch.Tensor],
+                   IntermediateTensors]
 ) -> Union[torch.Tensor, list[Any], tuple[Any], Any]:
     """
     Convenience function to create weak references to tensors,
@@ -2290,6 +2293,15 @@ def weak_ref_tensors(
         return [weak_ref_tensor(t) for t in tensors]
     if isinstance(tensors, tuple):
         return tuple(weak_ref_tensor(t) for t in tensors)
+
+    # For IntermediateTensors used in pipeline parallelism
+    from vllm.sequence import IntermediateTensors
+    if isinstance(tensors, IntermediateTensors):
+        ret = IntermediateTensors({
+            key: weak_ref_tensor(val)
+            for key, val in tensors.tensors.items()
+        })
+        return ret
     raise ValueError("Invalid type for tensors")