Not anymore, no. Your SSD, before any caching, does gigabytes per second of sequential reads. For any bytewise processing, except the most trivial of tasks, you’ll struggle to get above a few hundred megabytes per second with scalar (native) code. To actually keep up with a modern SSD, you’ll virtually always have to hand-write SIMD loops, minimize the number of syscalls with tools like io_uring, or possibly be smart about distributing tasks across cores without ruining the access pattern.
For instance, simdjson is famously fast but I don’t believe it can keep up with say a high-end PCIe Gen 4 SSD like a Samsung 990 PRO, let alone the latest-and-greatest (and, literally, hottest) Gen 5 stuff. And I know of no Unicode normalizer that would be able to do a gigabyte per second on general inputs (not ASCII, not Latin-1) simply because the latency for dependent lookup table accesses is absolute murder.