Disk access can certainly be parallelized, and NVMe is blazing fast, so the bottleneck is more the CPU than disk. There are systems that are built around around modern hardware that realize this (redpanda.com, where I work is one such example)
Parsing is a lot of the compute time and some SIMD tricks like SWAR for finding delimiters can be helpful. Stringzilla is a cool library if you want to see a clean implementation of these algorithms: https://github.com/ashvardanian/StringZilla
See my reply here about the file being cached completely in memory after the first run: https://news.ycombinator.com/item?id=38864034