Proposition 9
Tag 04X1, permanent. Cite it as [Bourbaki, Tag 04X1].
Commutative Algebra, chapter VI, § 8. Extensions of a valuation to an algebraic extension
Let K be a field, L an algebraic extension of K and an absolute value on K. Then can be extended to an absolute value on L.
Suppose first that there exists a valuation on with real values such that . There exists a valuation on whose restriction to is equivalent to (, no. 3, Proposition 5). Then is of height 0 or 1 (no. 1, Corollary 2 to Proposition 1) and therefore may be assumed to have real values. The restriction of the mapping to is an absolute value equivalent to and hence of the form with (General Topology, Chapter IX, , no. 2, Proposition 5). We conclude that
is an absolute value on extending .
Suppose now that is not ultrametric. Then is identified with a subfield of such that where (, no. 4, Theorem 2). As is algebraically closed, is identified with a subfield of and the absolute value extends .
Bourbaki puts the proof directly after the statement, so what is above is the statement and its proof together.