Depending on how the term is defined, Amazon can be considered a blue chip stock. The company is a leader in the e-commerce and cloud services markets and is highly respected by customers and shareholders. These qualities support its classification as a blue chip.On the other hand, the company doesn't pay a dividend, which disqualifies it from being a blue chip stock under some stricter definitions. Founded in 1994, Amazon is also relatively young compared to other companies in the category and didn't record its first annual profit until 2003.