The M is silent. In computing this stands for the underlined letters in menus that can be triggered using an Alt+Letter key combination, one that you can remember and apply later to navigate around more quickly.
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Qt and other toolkits typically use an ampersand to denote a mnemonic when assigning a menu entry. For instance, “&Shutdown” will be displayed as “Shutdown” and trigger on Alt+S whereas “Slee&p” will be “Sleep” and trigger on Alt+P. Of course this isn’t limited to menus, pretty much any control, buttons and what not, can have mnemonics. Since they are part of the label, a translated string can and likely will have a different one.
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