To my knowledge, these seem to be MSVC’s runtime flags. I could not find them in GCC or clang’s manuals.
These flags are used to generate dependencies.
See GCC Preprocessor options.
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Regarding the purpose of the generated dependency files, they are used so that generators (e.g. make, ninja) recompile files only when their included headers are modified.
There is a nice answer in stack overflow: gcc - purpose of creating DEPENDENCIES_OUTPUT file while compiling c program
Not quite right. They are there to additionally recompile the file when the included headers change. It may be recompiled for a variety of other reasons (flag change, source itself changes, etc.).