I've had this with gen5 PCIe SSDs recently. My T710 is so fast it's hard to believe. But you need to have a lot of data to make it worth.
Example:
> time du -sh .
737G .
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Executed in 24.63 secs
And on my laptop that has a gen3, lower spec NVMe: > time du -sh .
304G .
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Executed in 80.86 secs
It's almost 10 times faster. The CPU must have something to do with it too but they're both Ryzen 9.