How to prove two suprema are equal

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Is the following equation correct? How to prove.

$$ \sup_{\|x\|=1}\|Ax\|=\sup \frac{\|Ax\|}{\|x\|} $$

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For any $x \neq 0$ the vector $y=\frac 1 {\|x||} x$ has norm $1$, and $\frac {\|Ax\|} {\|x\|}=\|Ay\|$ by linearity. So RHS $\leq $ LHS. The other inequality is obvious.