If you have wildcard expressions in the text column in table 2, you can do this as follows.
select * from Table1 as T1 where exists (select * from Table2 as T2 where T1.[text] like T2.[text])
Otherwise, you need to add %
to your request.
select * from Table1 as T1 where exists (select * from Table2 as T2 where T1.[text] like '%'+T2.[text]+'%')
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