Abstract

Taking into account a tunneling current with ballistic and diffusive components, we study the tunneling magnetoresistance (MR) in FM/I/NM/I/FM double tunnel junctions where FM is the ferromagnet, NM the normal metal, and I the insulating barrier. The ballistic component results in oscillations of the MR with a single period, while the diffusive one leads to their decay with thickness of the NM layer. It is shown that the experimental results observed in $\mathrm{NiFe}∕{\mathrm{Al}}_{2}{\mathrm{O}}_{3}∕\mathrm{Cu}∕\mathrm{Co}$ junctions by Yuasa, Nagahama, and Suzuki [Science 297, 234 (2002)] are intrinsic features, which can be reproduced by the present calculations.

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