Maybe technically it's more like hashing? Regardless, the practical effect is the same since it's a string of indecipherable and seemingly random characters that are seen once and never again. Third parties can't link a stealth address to a public address off-chain or to any other stealth address.
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It's diffie-helman which does involve hashing but only as a layer of protection and the most significant thing doing the unlinking is the diffie-helman computation.