NEW YORK, May 15 (Reuters) - U.S. stocks retreated from record highs driven by the artificial intelligence sector on Friday after rising crude oil prices fueled concerns about global inflation.

The three major Wall Street indexes fell amid a surge in Treasury bond yields, which reflects rising energy prices and raises concerns about long-term inflation, while also offering an attractive alternative to high-risk stocks.

"There's a belief that the market has gotten way overboard," said Kenny Polcari, senior market strategist at Slatstone Wealth in Jupiter, Florida. "It hasn't been paying enough attention to what bond market data and economic data are indicating and has been swept along by the momentum of AI-driven trading."

Crude oil prices rose after sharp remarks from US President Donald Trump and Iranian Foreign Minister Abbas Araqchi, raising doubts about the durability of the fragile truce between Washington and Tehran and diminishing hopes for a resumption of normal traffic through the vital Strait of Hormuz anytime soon.

Preliminary data showed the Standard & Poor's 500 index falling 91.62 points, or 1.22 percent, to 7409.62 points, and the Nasdaq Composite index dropping 412.61 points, or 1.53 percent, to 26226.35 points.

The Dow Jones Industrial Average fell 537.35 points, or 1.06 percent, to 49,531.70 points.