No. If you hover over a link in your web browser, regardless of what it says on the link, the hover text (often appearing at the bottom left of your web browser) should show you the real, full destination URL. Try hovering over any link in HN, and you'll see the URL you're going to actually go to when you click on it.
However, when you hover over a Google Ads link, it does not do this. It shows you a friendly URL for the destination (such as https://www.ebay.com) but when you click on it, you get redirected with a bunch of tracking stuff added or even through a URL not on the ebay.com domain, as shown in this "exploit". In fact, even if an advertiser were to use a "clean" link as the destination, you first get redirected on that click through a google.com URL, even though the hover text is still lying about the destination.
I'm not even sure what it's doing here, there's some neat JavaScript in play. The hover text shows the "clean" URL, but if I inspect it, and then hover over it again, it shows the real redirect URL through google.com.