Current-driven excitation of magnetic multilayers

A new mechanism is proposed for exciting the magnetic state of a ferromagnet. Assuming ballistic conditions and using WKB wave functions, we predict that a transfer of vectorial spin accompanies an electric current flowing perpendicular to two parallel magnetic films connected by a normal metallic spacer. This spin transfer drives motions of the two magnetization vectors within their instantaneously common plane. Consequent new mesoscopic precession and switching phenomena with potential applications are predicted.