Given the code :
A = [1 2 3; 3 2 1]
B = A.^2
The output :
B =
1 4 9
9 4 1
The dot itself is not an operator, .^ is.
The .^ is a pointwise¹ (i.e. element-wise) power, as .* is the pointwise product.
.^Array power.A.^Bis the matrix with elementsA(i,j)to theB(i,j)power. The sizes ofAandBmust be the same or be compatible.
C.f.
¹) Hence the dot.