There are a lot of disks in a Netflix content appliance. The latest slide says 18 drives, each with PCIe 3.0 x4. There are 4 PCIe 4.0 x 16 nics, and there's all your PCIe lanes. You could get PCIe 4 drives, but it's not the bottleneck at the moment.
But, RAM needs at least twice the bandwidth as your network, because you can't have the NIC read from the disk directly, you need to have the disk DMA to ram, and the NIC DMA from ram, and (normal system) ram isn't dual ported, so reads and write contend. If you need to do TLS in software, you touch ram 4 times (disk read, cpu read, cpu write, nic read), so ram bandwidth is an even bigger bottleneck.
I thought with things like direct-storage (the equivalent of gpudirect) and ssdk this wasn't the case any more (no more cpu intervention, every device has their own programmable dma engines ?)