I don't want to call you a liar, but having seen ads that are presumably targeted at me, it feels like a total fiction to say that anyone is actually capable or interested in doing this.
I get advertisements for just absolute nonsense garbage that has no bearing on my life, and no bearing on anything that could have possibly been collected from my device.
The closest thing is that when I was in Mexico for a week, some of my podcast pre-roll ads were in Spanish. (Which, I should note, I do not speak fluently enough to even understand.) Even now, the occasional ad I'm served on a podcast is in Spanish.
And that's it. They saw that my IP came from Quintana Roo, and (somewhat reasonably) decided that I need to hear Spanish-language content. Even when I physically moved back to the United States.