Spin-wave theory for the dynamics induced by direct currents in magnetic multilayers.

A spin-wave theory is presented for the magnetization dynamics in a ferromagnetic film that is traversed by spin-polarized carriers at high direct-current densities. It is shown that nonlinear effects due to four-magnon interactions arising from dipolar and surface anisotropy energies limit the growth of the driven spin wave and produce shifts in the microwave frequency oscillations. The theory explains quantitatively recent experimental results in nanometric point contacts onto magnetic multilayers showing downward frequency shifts (redshifts) with increasing current, if the external field is on the film plane, and upward shifts (blueshifts), if the field is perpendicular to the film.