We develop a theory of ultrafast light-induced magnetization dynamics in ferromagnetic semiconductors. We demonstrate magnetization control during femtosecond time scales via the interplay between nonlinear circularly polarized optical excitation, hole-spin damping, polarization dephasing, and Mn-hole-spin interactions. Our results show magnetization relaxation and precession for the duration of the optical pulse governed by the nonlinear optical polarizations and populations.

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