Excitation of a Magnetic Multilayer by an Electric Current

We describe variations in the resistance of $\mathrm{Co}/\mathrm{Cu}$ multilayers, induced by means of a high current density $\ensuremath{\approx}{10}^{8}\mathrm{A}/{\mathrm{cm}}^{2}$ injected into the multilayer through a point contact. We propose that the observed resistance changes are due to excitations of zero-wave-number spin waves in the magnetic layers. As predicted, such current-driven excitation of a magnetic multilayer occurs for only one direction of current flow and has a current threshold which increases linearly with the applied magnetic field.