The U.S. saw a sevenfold increase in the prevalence of the omicron COVID-19 variant over the last week, according to data from the U.S. Centers for Disease Control and Prevention.

Just over two weeks after it was first discovered in the country, the omicron variant is now estimated to account for nearly 3% of all new cases in the U.S., the latest data from the CDC shows.

Last week, omicron accounted for an estimated 0.4% of all new cases, according to the data.

-ABC News' Arielle Mitropoulos

Dr. Anthony Fauci told CNN Tuesday that omicron will "for sure" become the dominant strain in the U.S. given how rapidly it is spreading.

"Omicron is going to be a challenge because it spreads very rapidly," Fauci said.

Fauci reiterated that omicron so far appears to be less severe, adding, "Whether it is inherently less pathogenic as a virus or whether there is more protection in the community, we're just going to have to see when it comes in the United States."

-ABC News' Arielle Mitropoulos

Cornell University is moving into a "level red" alert after a "significant" number of suspected omicron cases were detected among student samples.

"While we must await confirmatory sequencing information to be sure that the source is Omicron, we are proceeding as if it is," university president Martha Pollack wrote in a letter to the community.

All final exams will be online beginning Tuesday, Pollack announced, and libraries and fitness centers are closed.

All undergraduate events are canceled, as is Saturday's recognition ceremony for December graduates, Pollack said.

Cornell has recorded more than 600 confirmed cases among students and staff in the last week alone, according to the university dashboard. While no infected students are seriously sick, Pollack said the university has "a role to play in reducing the spread."

-ABC News' Arielle Mitropoulos, Chris Donato

"Omicron is spreading at a rate we have not seen with any previous variant," World Health Organization Director-General Dr. Tedros Adhanom Ghebreyesus warned Tuesday.

Omicron has been reported in 77 countries, he said, adding that the new variant is likely in most countries.

Tedros said health officials are "concerned that people are dismissing omicron as mild."

"Even if omicron does cause less severe disease, the sheer number of cases could once again overwhelm unprepared health systems," he said.

-ABC News' Christine Theodorou