Yes--but it depends on what you mean by "read." When using systems like (but not limited to) "Your Baby Can Read," babies can learn to memorize many words. Upon being shown a card, without any other cue, by six or nine months some of them have been able to indicate what the word means (for example, when seeing the word "head" they can point to their own heads) and, when they are old enough, can actually say the word.
Beyond that, some babies (there are no statistics available yet, as no studies have been done) are able to sound out new words by the age of 18 months, indicating that they have internalized some of the rules of phonics and that article
https://www.mothersandmore.org/diapering/how-to-potty-train-your-baby/ can help you to train your baby much faster .
By age two or three, many of the "baby readers" are able to read brand new picture books on their own. My own could read the First Amendment before his fourth birthday--video on YouTube.