diff --git a/Cargo.lock b/Cargo.lock
index 49a7004f00..8b2ea98242 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -1464,7 +1464,7 @@ source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "4114279215a005bc675e386011e594e1d9b800918cea18fcadadcce864a2046b"
 dependencies = [
  "borsh-derive",
- "hashbrown 0.13.2",
+ "hashbrown 0.12.3",
 ]
 
 [[package]]
@@ -1667,9 +1667,9 @@ dependencies = [
 
 [[package]]
 name = "cc"
-version = "1.0.84"
+version = "1.0.88"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "0f8e7c90afad890484a21653d08b6e209ae34770fb5ee298f9c699fcc1e5c856"
+checksum = "02f341c093d19155a6e41631ce5971aac4e9a868262212153124c15fa22d1cdc"
 dependencies = [
  "libc",
 ]
@@ -2453,16 +2453,18 @@ dependencies = [
 
 [[package]]
 name = "cranelift-bforest"
-version = "0.103.0"
-source = "git+https://github.com/bytecodealliance/wasmtime?rev=v16.0.0#6613acd1e4817957a4a7745125ef063b43c273a7"
+version = "0.105.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "29a6391a9172a93f413370fa561c6bca786e06c89cf85f23f02f6345b1c8ee34"
 dependencies = [
  "cranelift-entity",
 ]
 
 [[package]]
 name = "cranelift-codegen"
-version = "0.103.0"
-source = "git+https://github.com/bytecodealliance/wasmtime?rev=v16.0.0#6613acd1e4817957a4a7745125ef063b43c273a7"
+version = "0.105.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "409c6cbb326604a53ec47eb6341fc85128f24c81012a014b4c728ed24f6e9350"
 dependencies = [
  "bumpalo",
  "cranelift-bforest",
@@ -2481,29 +2483,33 @@ dependencies = [
 
 [[package]]
 name = "cranelift-codegen-meta"
-version = "0.103.0"
-source = "git+https://github.com/bytecodealliance/wasmtime?rev=v16.0.0#6613acd1e4817957a4a7745125ef063b43c273a7"
+version = "0.105.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "fff55e100130995b9ad9ac6b03a24ed5da3c1a1261dcdeb8a7a0292656994fb3"
 dependencies = [
  "cranelift-codegen-shared",
 ]
 
 [[package]]
 name = "cranelift-codegen-shared"
-version = "0.103.0"
-source = "git+https://github.com/bytecodealliance/wasmtime?rev=v16.0.0#6613acd1e4817957a4a7745125ef063b43c273a7"
+version = "0.105.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "f1446e2eb395fc7b3019a36dccb7eccea923f6caf581b903c8e7e751b6d214a7"
 
 [[package]]
 name = "cranelift-control"
-version = "0.103.0"
-source = "git+https://github.com/bytecodealliance/wasmtime?rev=v16.0.0#6613acd1e4817957a4a7745125ef063b43c273a7"
+version = "0.105.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "24076ecf69cbf8b9e1e532ae8e7ac01d850a1c2e127058a26eb3245f9d5b89d1"
 dependencies = [
  "arbitrary",
 ]
 
 [[package]]
 name = "cranelift-entity"
-version = "0.103.0"
-source = "git+https://github.com/bytecodealliance/wasmtime?rev=v16.0.0#6613acd1e4817957a4a7745125ef063b43c273a7"
+version = "0.105.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "7f40df95180ad317c60459bb90dd87803d35e538f4c54376d8b26c851f6f0a1b"
 dependencies = [
  "serde",
  "serde_derive",
@@ -2511,8 +2517,9 @@ dependencies = [
 
 [[package]]
 name = "cranelift-frontend"
-version = "0.103.0"
-source = "git+https://github.com/bytecodealliance/wasmtime?rev=v16.0.0#6613acd1e4817957a4a7745125ef063b43c273a7"
+version = "0.105.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "1c3974cc665b699b626742775dae1c1cdea5170f5028ab1f3eb61a7a9a6e2979"
 dependencies = [
  "cranelift-codegen",
  "log",
@@ -2522,13 +2529,15 @@ dependencies = [
 
 [[package]]
 name = "cranelift-isle"
-version = "0.103.0"
-source = "git+https://github.com/bytecodealliance/wasmtime?rev=v16.0.0#6613acd1e4817957a4a7745125ef063b43c273a7"
+version = "0.105.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "99543f92b9c361f3c54a29e945adb5b9ef1318feaa5944453cabbfcb3c495919"
 
 [[package]]
 name = "cranelift-native"
-version = "0.103.0"
-source = "git+https://github.com/bytecodealliance/wasmtime?rev=v16.0.0#6613acd1e4817957a4a7745125ef063b43c273a7"
+version = "0.105.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "1c0d84dc7d9b3f73ad565eacc4ab36525c407ef5150893b4b94d5f5f904eb48a"
 dependencies = [
  "cranelift-codegen",
  "libc",
@@ -2537,8 +2546,9 @@ dependencies = [
 
 [[package]]
 name = "cranelift-wasm"
-version = "0.103.0"
-source = "git+https://github.com/bytecodealliance/wasmtime?rev=v16.0.0#6613acd1e4817957a4a7745125ef063b43c273a7"
+version = "0.105.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "53781039219944d59c6d3ec57e6cae31a1a33db71573a945d84ba6d875d0a743"
 dependencies = [
  "cranelift-codegen",
  "cranelift-entity",
@@ -7354,14 +7364,14 @@ dependencies = [
 
 [[package]]
 name = "regex"
-version = "1.9.5"
+version = "1.10.3"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "697061221ea1b4a94a624f67d0ae2bfe4e22b8a17b6a192afb11046542cc8c47"
+checksum = "b62dbe01f0b06f9d8dc7d49e05a0785f153b00b2c227856282f671e0318c9b15"
 dependencies = [
  "aho-corasick",
  "memchr",
- "regex-automata 0.3.8",
- "regex-syntax 0.7.5",
+ "regex-automata 0.4.5",
+ "regex-syntax 0.8.2",
 ]
 
 [[package]]
@@ -7378,11 +7388,6 @@ name = "regex-automata"
 version = "0.3.8"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "c2f401f4955220693b56f8ec66ee9c78abffd8d1c4f23dc41a23839eb88f0795"
-dependencies = [
- "aho-corasick",
- "memchr",
- "regex-syntax 0.7.5",
-]
 
 [[package]]
 name = "regex-automata"
@@ -7407,12 +7412,6 @@ version = "0.6.29"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "f162c6dd7b008981e4d40210aca20b4bd0f9b60ca9271061b07f78537722f2e1"
 
-[[package]]
-name = "regex-syntax"
-version = "0.7.5"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "dbb5fb1acd8a1a18b3dd5be62d25485eb770e05afb408a9627d14d451bae12da"
-
 [[package]]
 name = "regex-syntax"
 version = "0.8.2"
@@ -10006,8 +10005,8 @@ dependencies = [
 
 [[package]]
 name = "tree-sitter"
-version = "0.20.10"
-source = "git+https://github.com/tree-sitter/tree-sitter?rev=1d8975319c2d5de1bf710e7e21db25b0eee4bc66#1d8975319c2d5de1bf710e7e21db25b0eee4bc66"
+version = "0.20.100"
+source = "git+https://github.com/tree-sitter/tree-sitter?rev=e549cee82d320dd7e501dd210472266375de6fb9#e549cee82d320dd7e501dd210472266375de6fb9"
 dependencies = [
  "cc",
  "regex",
@@ -10995,38 +10994,42 @@ checksum = "ca6ad05a4870b2bf5fe995117d3728437bd27d7cd5f06f13c17443ef369775a1"
 
 [[package]]
 name = "wasm-encoder"
-version = "0.38.1"
+version = "0.41.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "0ad2b51884de9c7f4fe2fd1043fccb8dcad4b1e29558146ee57a144d15779f3f"
+checksum = "972f97a5d8318f908dded23594188a90bcd09365986b1163e66d70170e5287ae"
 dependencies = [
  "leb128",
 ]
 
 [[package]]
 name = "wasmparser"
-version = "0.118.1"
+version = "0.121.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "95ee9723b928e735d53000dec9eae7b07a60e490c85ab54abb66659fc61bfcd9"
+checksum = "9dbe55c8f9d0dbd25d9447a5a889ff90c0cc3feaa7395310d3d826b2c703eaab"
 dependencies = [
+ "bitflags 2.4.1",
  "indexmap 2.0.0",
  "semver",
 ]
 
 [[package]]
 name = "wasmtime"
-version = "16.0.0"
-source = "git+https://github.com/bytecodealliance/wasmtime?rev=v16.0.0#6613acd1e4817957a4a7745125ef063b43c273a7"
+version = "18.0.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "b06f80b13fdeba0ea5267813d0f06af822309f7125fc8db6094bcd485f0a4ae7"
 dependencies = [
  "anyhow",
  "bincode",
  "bumpalo",
  "cfg-if 1.0.0",
+ "gimli",
  "indexmap 2.0.0",
  "libc",
  "log",
  "object",
  "once_cell",
  "paste",
+ "rustix 0.38.30",
  "serde",
  "serde_derive",
  "serde_json",
@@ -11034,23 +11037,25 @@ dependencies = [
  "wasmparser",
  "wasmtime-cranelift",
  "wasmtime-environ",
- "wasmtime-jit",
+ "wasmtime-jit-icache-coherence",
  "wasmtime-runtime",
- "windows-sys 0.48.0",
+ "windows-sys 0.52.0",
 ]
 
 [[package]]
 name = "wasmtime-asm-macros"
-version = "16.0.0"
-source = "git+https://github.com/bytecodealliance/wasmtime?rev=v16.0.0#6613acd1e4817957a4a7745125ef063b43c273a7"
+version = "18.0.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "19d7395b475c6f858c7edfce375f00d8282a32fbf5d1ebc93eddfac5c2458a52"
 dependencies = [
  "cfg-if 1.0.0",
 ]
 
 [[package]]
 name = "wasmtime-c-api-impl"
-version = "16.0.0"
-source = "git+https://github.com/bytecodealliance/wasmtime?rev=v16.0.0#6613acd1e4817957a4a7745125ef063b43c273a7"
+version = "18.0.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "29c09ac0c18464f8ef0b554c12defc94e3fc082b62309a3da229de60d47cf75a"
 dependencies = [
  "anyhow",
  "log",
@@ -11062,8 +11067,9 @@ dependencies = [
 
 [[package]]
 name = "wasmtime-c-api-macros"
-version = "0.0.0"
-source = "git+https://github.com/bytecodealliance/wasmtime?rev=v16.0.0#6613acd1e4817957a4a7745125ef063b43c273a7"
+version = "18.0.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "864c4a337294fe690f02b39f2b3f45414447d9321d0ed24d3dc7696bf291e789"
 dependencies = [
  "proc-macro2",
  "quote",
@@ -11071,8 +11077,9 @@ dependencies = [
 
 [[package]]
 name = "wasmtime-cranelift"
-version = "16.0.0"
-source = "git+https://github.com/bytecodealliance/wasmtime?rev=v16.0.0#6613acd1e4817957a4a7745125ef063b43c273a7"
+version = "18.0.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "974d9455611e26c97d31705e19545de58fa8867416592bd93b7a54a7fc37cedb"
 dependencies = [
  "anyhow",
  "cfg-if 1.0.0",
@@ -11095,8 +11102,9 @@ dependencies = [
 
 [[package]]
 name = "wasmtime-cranelift-shared"
-version = "16.0.0"
-source = "git+https://github.com/bytecodealliance/wasmtime?rev=v16.0.0#6613acd1e4817957a4a7745125ef063b43c273a7"
+version = "18.0.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "40667ba458634db703aea3bd960e80bc9352c21d5e765b69f43e3b0c964eb611"
 dependencies = [
  "anyhow",
  "cranelift-codegen",
@@ -11110,10 +11118,12 @@ dependencies = [
 
 [[package]]
 name = "wasmtime-environ"
-version = "16.0.0"
-source = "git+https://github.com/bytecodealliance/wasmtime?rev=v16.0.0#6613acd1e4817957a4a7745125ef063b43c273a7"
+version = "18.0.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "e8da991421528c2767053cb0cfa70b5d28279100dbcf70ed7f74b51abe1656ef"
 dependencies = [
  "anyhow",
+ "bincode",
  "cranelift-entity",
  "gimli",
  "indexmap 2.0.0",
@@ -11127,41 +11137,22 @@ dependencies = [
  "wasmtime-types",
 ]
 
-[[package]]
-name = "wasmtime-jit"
-version = "16.0.0"
-source = "git+https://github.com/bytecodealliance/wasmtime?rev=v16.0.0#6613acd1e4817957a4a7745125ef063b43c273a7"
-dependencies = [
- "anyhow",
- "bincode",
- "cfg-if 1.0.0",
- "gimli",
- "log",
- "object",
- "rustix 0.38.30",
- "serde",
- "serde_derive",
- "target-lexicon",
- "wasmtime-environ",
- "wasmtime-jit-icache-coherence",
- "wasmtime-runtime",
- "windows-sys 0.48.0",
-]
-
 [[package]]
 name = "wasmtime-jit-icache-coherence"
-version = "16.0.0"
-source = "git+https://github.com/bytecodealliance/wasmtime?rev=v16.0.0#6613acd1e4817957a4a7745125ef063b43c273a7"
+version = "18.0.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "3346431a41fbb0c5af0081c2322361b00289f2902e54ee7b115e9b2ad32b156b"
 dependencies = [
  "cfg-if 1.0.0",
  "libc",
- "windows-sys 0.48.0",
+ "windows-sys 0.52.0",
 ]
 
 [[package]]
 name = "wasmtime-runtime"
-version = "16.0.0"
-source = "git+https://github.com/bytecodealliance/wasmtime?rev=v16.0.0#6613acd1e4817957a4a7745125ef063b43c273a7"
+version = "18.0.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "a489353aa297b46a66cde8da48cab8e1e967e7f4b0ae3d9889a0550bf274810b"
 dependencies = [
  "anyhow",
  "cc",
@@ -11181,13 +11172,14 @@ dependencies = [
  "wasmtime-environ",
  "wasmtime-versioned-export-macros",
  "wasmtime-wmemcheck",
- "windows-sys 0.48.0",
+ "windows-sys 0.52.0",
 ]
 
 [[package]]
 name = "wasmtime-types"
-version = "16.0.0"
-source = "git+https://github.com/bytecodealliance/wasmtime?rev=v16.0.0#6613acd1e4817957a4a7745125ef063b43c273a7"
+version = "18.0.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "12c56e31fd7fa707fbd7720b2b29ac42ccfb092fe9d85c98f1d3988f9a1d4558"
 dependencies = [
  "cranelift-entity",
  "serde",
@@ -11198,8 +11190,9 @@ dependencies = [
 
 [[package]]
 name = "wasmtime-versioned-export-macros"
-version = "16.0.0"
-source = "git+https://github.com/bytecodealliance/wasmtime?rev=v16.0.0#6613acd1e4817957a4a7745125ef063b43c273a7"
+version = "18.0.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "6b0300976c36a9427d184e3ecf7c121c2cb3f030844faf9fcb767821e9d4c382"
 dependencies = [
  "proc-macro2",
  "quote",
@@ -11208,8 +11201,9 @@ dependencies = [
 
 [[package]]
 name = "wasmtime-wmemcheck"
-version = "16.0.0"
-source = "git+https://github.com/bytecodealliance/wasmtime?rev=v16.0.0#6613acd1e4817957a4a7745125ef063b43c273a7"
+version = "18.0.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "acdf5b8da6ebf7549dad0cd32ca4a3a0461449ef4feec9d0d8450d8da9f51f9b"
 
 [[package]]
 name = "wayland-backend"
diff --git a/Cargo.toml b/Cargo.toml
index 37a213f637..7e8179c50b 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -295,13 +295,12 @@ tree-sitter-zig = { git = "https://github.com/maxxnino/tree-sitter-zig", rev = "
 unindent = "0.1.7"
 url = "2.2"
 uuid = { version = "1.1.2", features = ["v4"] }
-wasmtime = "16"
+wasmtime = "18.0"
 which = "6.0.0"
 sys-locale = "0.3.1"
 
 [patch.crates-io]
-tree-sitter = { git = "https://github.com/tree-sitter/tree-sitter", rev = "1d8975319c2d5de1bf710e7e21db25b0eee4bc66" }
-wasmtime = { git = "https://github.com/bytecodealliance/wasmtime", rev = "v16.0.0" }
+tree-sitter = { git = "https://github.com/tree-sitter/tree-sitter", rev = "e4a23971ec3071a09c1e84816954c98f96e98e52" }
 # Workaround for a broken nightly build of gpui: See #7644 and revisit once 0.5.3 is released.
 pathfinder_simd = { git = "https://github.com/servo/pathfinder.git", rev = "e4fcda0d5259d0acf902aee6de7d2501f2bd6629" }
 
@@ -314,8 +313,10 @@ debug = "limited"
 split-debuginfo = "off"
 debug = "full"
 
-[profile.dev.package.taffy]
-opt-level = 3
+[profile.dev.package]
+taffy = { opt-level = 3 }
+cranelift-codegen = { opt-level = 3 }
+wasmtime-cranelift = { opt-level = 3 }
 
 [profile.release]
 debug = "limited"