FBI Director Kash Patel testifies before a House Judiciary Committee hearing in Washington, DC, on September 17. Annabelle Gordon/Reuters

FBI Director Kash Patel spurred a fierce but fleeting rally in Krispy Kreme shares ( DNUT ) on Wednesday after he said the stock was a solid investment.

The comment came during Patel’s testimony before the House Judiciary Committee on Wednesday. Colorado Rep. Joe Neguse asked Patel about his decision to purchase individual stocks — including Krispy Kreme and semiconductor company ON Semiconductor ( ON ) — and the FBI director said he thought they were good buys.

“Generally speaking, before I got this job, I was trading stocks, but not a lot like most people,” said Patel, who started his post in February.

“I just follow certain industries, and

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